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Lecture 2 py focus on consumer
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... ested in determining if expanding into the PAM market would be profitable. In this situation, a quick calculation of the North American PAM market would result in a concentration ratio of 70 percent, an indication of a highly concentrated market. A ratio at this level is indicative of a market where ...
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... Based on the previous analysis of your industry, customer/market and competition, this section describes how you plan to market your business. The section should address the five types of marketing strategy (see Appendix A for examples): 1. Product/Service Strategy – what mix of products and service ...
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... The offices are geographically positioned in such a way that the head office covers the southern region of the country while branch offices cover the northern region of the country. In particular, the Karachi office covers the provinces of Sindh and Baluchistan; the Lahore office provides support an ...
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... Marketing segmentation is the process of dividing the total market for a product or service into smaller groups with similar needs, such that each group is likely to respond favourably to a specific marketing strategy. In order to divide the total market into appropriate segments, an entrepreneur mu ...
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... Trademarks are used to protect names, brands, logos, and other marketing devices that are distinctive. Trademarks are somewhat more expensive. It is also possible to do a trademark search on your own on the Internet It is also possible to pay attorneys Patents offer the highest level of protection. ...
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... • Bait-and-switch techniques: a controversial technique where the customer is attracted through advertized deals which are ‘too good to be true’ and once the customer is ‘caught’, the product isn’t available and he/she is told the alternative is available, which, incidentally, is much more ...
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... Visualisation is an important element of participatory approaches. With maps the interviewees can point to the places they are talking about, draw on the map the position of barriers that are important to the story (e.g. a river but no bridge clearly separates two markets that might otherwise appear ...
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... However, a main difference as reflected in the steps identified in the participants’ approaches to segmentation is that ethnicity is a major segmentation characteristic in the consumer market. While no significant use of psychographics and VALS analysis was apparent in this research, a number of res ...
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... Market Segmentation • Market segmentation involves identifying consumers who are similar with regard to key traits, such as product-related needs and wants, and who would respond well to a similar marketing mix. The company can then produce products that meet the precise needs and wants of target c ...
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... electricity companies whose sales people have used selling tactics with these characteristics. ...
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Market analysis

A market analysis studies the attractiveness and the dynamics of a special market within a special industry. It is part of the industry analysis and thus in turn of the global environmental analysis. Through all of these analyses the strengths, weaknesses, opportunities and threats (SWOT) of a company can be identified. Finally, with the help of a SWOT analysis, adequate business strategies of a company will be defined. The market analysis is also known as a documented investigation of a market that is used to inform a firm's planning activities, particularly around decisions of inventory, purchase, work force expansion/contraction, facility expansion, purchases of capital equipment, promotional activities, and many other aspects of a company.
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