Describe bases for segmenting the market

Assignment Help Operation Management
Reference no: EM132076700

The product is a portable rolled computer made by the start-up company UclidTouch. The screen and accompanying keyboard roll up for travelers or those who want to easily transport their computer. The unrolled computer measures 8 inches by 16 inches. When rolled up, the computer is 1 3/4 inches in diameter and weighs 1 pound. It fits in a lightweight aluminum canister that has an optional mini-combination lock. It is available in 7 different colors and can be hung around the customer’s neck on a lanyard which also is available in 7 colors. The price is comparable to the pricing for popular tablets already on the market.

Business Memo: You are a marketing assistant at UclidTouch tasked with providing a business memo (i.e., an internal company document) to the U.S. A. executive management team of UclidTouch concerning the checklist items provided below.

Write a minimum 500-word original business memo. In a concise manner, describe to executive management the data you will analyze to determine a potential market for this product. State your purpose in the opening paragraph and provide sufficient information to explain the required items. Finally, provide a concluding paragraph to summarize your suggestions.

Address the following items in your Assessment submission.

1. Identify a market or product category for review.

2. Describe bases for segmenting the market.

3. Identify segmentation descriptors.

4. Explain potential segments based on your reading in Chapter 8 “Steps in Segmenting a Market.”

Size of segment

Expected growth

Purchase frequency

Brand loyalty

Sales potential

Profit potential

Disclaimer: The organization and any characters depicted in this exercise are fictional. Any resemblance to real organizations or individuals is purely coincidental.

Reference no: EM132076700

Questions Cloud

What were your scores for each of the six interest profiles : What were your scores for each of the six interest profiles (realistic, investigative, artistic, social, enterprising, and conventional)?
What is the adjusting entry for depreciation : What is the adjusting entry for depreciation at the end of one month if the firm uses the straight-line method of depreciation
Suspend all of its drilling activities off the coast : Jaipur Oil & Exploration decided to suspend all of its drilling activities off the coast of Sierra Leone, Africa because of new Ebola outbreaks. T
What is the amount-at-risk : Adam contribute property with an adjusted basis of $50,000, subject to a recourse liability of $10,000, What is the amount-at-risk
Describe bases for segmenting the market : Identify a market or product category for review. Describe bases for segmenting the market.
Review the characteristics of the quantitative approach : Review the characteristics of the quantitative approach you described in the Week Two discussion. Explain the ways in which the quantitative approach.
How much FUTA tax is paid by Chris : Chris has three employees, Daniel, Beverly, and Miguel. They each earn $21,500, $27,750, and $18,000. How much FUTA tax is paid by Chris
What should susan claim as her withholding allowance : Susan earns $60,500 per year and her Husband does not work. What should Susan claim as her withholding allowance
What is the total income which should be reported : What is the total income which should be reported as ordinary income from business activities of the partnerships for 2018

Reviews

Write a Review

Operation Management Questions & Answers

  After reviewing the waiting line analysis of problem

After reviewing the waiting line analysis of Problem 12, the manager of Pete’s Market wants to consider one of the following alternatives for improving service. What alternative would you recommend? Justify your recommendation. Hire a second person t..

  Employee resistance to change and costs in time and effort

Address some of the main barriers to introducing HPW in organisations – for example employee resistance to change, costs in time and effort, lack of understanding, lack of trust, unmotivated employees, no buy-in/commitment from senior leadership? How..

  What evidence supports the main point

How could the topic of this article apply to your personal or professional life? Do the author's arguments support his or her main point?

  Textile immediately sends back written invoice

Royal Hotel Inc. orally orders 100 standard sets of sheets from Textile Inc. for a price of $500. Textile immediately sends back a written invoice with the details of the conversation. Royal and Textile

  Geocentrism in regards to international business

What is ethnocentrism, polycentrism, and geocentrism in regards to international business?

  Invest in new machine that will improve both quality-safety

Net Present Worth #2: Your boss is wanting to invest in a new machine that will improve both quality and safety. How much can she afford to pay for this machine if it will increase revenue and reduce costs by $50,000 per year for a 5 year period? The..

  Human resource management professionals

What have been the historical roles played by human resource management professionals?

  Describe the key differences between the two cultures

Geert Hofstede is one of the leading experts on intercultural communications. Compare your home culture with another culture that interests you.

  Differentiate between internal and external recruiting

While assessing performance of subordinates over past year, manager has rated all employees under him as average. Differentiate in internal-external recruiting.

  Prohibiting smoking or enforcing attendance

A supervisor feels the need to implement or stress an office policy, such as prohibiting smoking or enforcing attendance. What is the best way for the supervisor to bring this issue up with employees? What can the supervisor do to increase the likeli..

  How would you proceed

how would you proceed? What tools would you use? Briefly describe a time when you or a colleague were in this position and it was handled successfully.

  Relationship between drinking water quality-water pollution

Which of the following best describes the relationship between drinking water quality and water pollution? Which of the following is a positive effect associated with the ease of collecting personal data online? What is the promotion of environmental..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd