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Market Segmentation, Targeting and Positioning
Market Segmentation, Targeting and Positioning
Chapter 3
MARKET SEGMENTATION, TARGETING AND POSITIONING
Definition
Market segmentation is the process of dividing a market into distinct subgroups of consumers with distinct needs, characteristics, or behaviour , who might require separate products or marketing mixes. (Philip Kotler).
Target Marketing
a. b. c. d. Undifferentiated marketing Differentiated marketing Niche Marketing Micromarketing
Positioning alternatives
1. 2. 3. 4. 5. 6. Positioning on specific product feature or attribute. Positioning on benefits, problem solution or needs. Positioning for specific usage occasions or applications. Positioning for user category. Positioning against another product competitor. Positioning on quality or price.