Full market coverage, Marketing Management

Assignment Help:

Full market coverage: here a firm concentrates on serving many needs of a particular customer group. Only very large firms can undertake a full market coverage strategy. Examples include IBM (computer market), general Motors (vehicle market), and Coca - Cola (drink market). Large firms can cover the whole market in the two broad ways:

1.       In undifferentiated marketing, the firm ignores market segment differences and goes after the whole market with the one market offer. It focuses on a basic buyer need rather than on difference among buyers. It designs a product and a marketing program that will appeal to the broadcast number of the buyers.

2.       In undifferentiated marketing, the firm operates in the several market segments and designs different programs for each segment. Generally Motors does this when it says that is produces a car for every "purse, purpose and personality".

3.       Additional considerations: four other considerations must be taken into account in evaluating and selecting segments; ethical choice of the market targets, segment and super segments, segment by segment invasion plans, and their segment cooperation.


Related Discussions:- Full market coverage

Discuss the concepts relationship and loyalty marketing, Question 1: (a...

Question 1: (a) Critically discuss the concept "Communications Strategy". Support your answer with relevant examples. (b) Using relevant examples, explain the term "Sales

Market segmentation, Market Segmentation This provides to the procedure...

Market Segmentation This provides to the procedure of breaking the mass market up into discernible subgroups, where each subgroup has obvious demographic and another identifiab

Discuss the role which effective knowledge management, Apple's revamped ipa...

Apple's revamped ipad will be hard for its competitors to beat ‘When the ipad 1 was launched in 2010, it was dubbed the ‘jesus tablet' because of the quasi religious fervour with w

Factors affecting the life cycle of a product, Factors affecting the life c...

Factors affecting the life cycle of a product: there are many factors that affect the life cycle of a product. Statement of Joe Dean is very important in this regard. He said, "th

Statistics, a survey is classified as successful if usable data is obtained...

a survey is classified as successful if usable data is obtained from it. Let Ai denote the event that at most i repetitions of the survey are required for success. Use set notation

Analyze the ethical considerations, Question1 Suppose you are the brand...

Question1 Suppose you are the brand manager for Subtle, a lightly scented shampoo aimed at women. Sales of your product have been declining. Exploratory research suggests your

Ethical marketing and corporate social responsibility, Question 1: (a) ...

Question 1: (a) The Chartered Institute of Marketing describe marketing as "the management process responsible for identifying, anticipating and satisfying customers' requireme

Sales budget, Sales Budget This is a forecast of unit sales volume and ...

Sales Budget This is a forecast of unit sales volume and sales dollars. Oftentimes if the firm sells a significant portion of its products on credit terms, the budget will also

Retailing and wholesaling, Retailing and Wholesaling   Retailing an...

Retailing and Wholesaling   Retailing and wholesaling consist of various organizations bringing services and goods from the point of manufacture to the point of use. Retail

Explain the product life cycle, Question: The Association of Small & Me...

Question: The Association of Small & Medium Enterprises have sought for your views as Marketing Consultant. You have been asked to advise a small company about its product por

Write Your Message!

Captcha
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