Reference no: EM132277260
Case - The Potential Market Segments for the Mother Care Company
Assume you work at Mother Care UK whose traditional target market, babies within your region, is shrinking.
This segment is projected to decrease over the next ten years. Recommend other potential market segments and discuss the criteria you should consider to ensure that the identified segments are useful.
- Explain in details and give full examples to illustrate your thoughts.
- Each potential target segment must have a name that reflects the content of the target segment.
- Each potential target segment has to be profiled in terms of demographic, geographic, psychographic, and behavioral characteristics.
- Then each potential target segment should be DIRECTLY FOLLOWED by the targeting evaluation criteria:
- The segment size and potential growth - The segment attractiveness structure (i.e., competition) - The company resources, objectives, and values
- Conclusion and recommendation
Chapter Questions
1. What are the different levels of market segmentation?
2. How can a company divide a market into segments?
3. How should a company choose the most attractive target markets?
4. What are the requirements for effective segmentation?
5. Identify and profile distinct groups of buyers who differ in their needs and preferences
6. Select one or more market segments to enter
7. Establish and communicate the distinctive benefits of the market offering