2 Parcial Ingles
2 Parcial Ingles
Grupo: 3RM6
Integrantes
Colin Santiago Laura Fernanda
Cortés Embriz Ana Karen
Martinez Garcia Yared Araceli
Sanchez Matias Dayana Lizeth
https://www.mbaskool.com/business-concepts/marketing-and-strategy-terms/1860-
brand-equity.html
https://economictimes.indiatimes.com/definition/marketing-intelligence
Mental Map, explaining SWOT a PYME
Segmentation of Target Market
The great competition between brands, the bargaining power of consumers, international
trade, new technological applications, etc. It is the forces of the market economy that are
redefining the marketing actions that require professionals to achieve concrete results in
terms of value creation.
In times of internal and external recession in the markets, it is necessary to measure the
effectiveness of Marketing, since companies invest large economic amounts to contribute to
the value of it in relation to their target market, and therefore, the demands on professionals
of marketing, will increase.
In the previous topic we have treated the “Marketing recipe” in a very succinctly indicative
way, but for this recipe to be effective we must have very clear ideas of who our client is
going to be.
The question who is our client? It is essential for the Marketing expert. Apart from this
question, said expert has to answer the following questions:
Who buys our products?
Are they elderly or young?
Do they have special interests?
Are they single or married?
What do they do in their free time?
What group do our clients belong to?
How are we going to distinguish the group to which we direct our communication with
others?
Can we transform these groups into potential clients?
If we target Marketing to specific groups, it is essential - because of the importance of our
work - that a reasonable number of them become customers.
THE INDIVIDUAL
The individual consumer has his own idea of the ideal product with which he will meet or
satisfy his needs, in addition to the specific priorities to spend his money.
If we use personal communication, that is, conceptual and proactive sale, the seller may not
be able to respond to all consumer considerations and / or objections. Therefore, it is
necessary to design and guide advertising in such a way that it impacts the majority of
possible consumers, within the commercial objectives that we intend to achieve, whether
direct (conceptual or interactive) or indirect (on the line or under the line). Individual
consumers will distinguish each other by:
Age
Sex
Income
Personality
Where they live
The industrial or commercial buyer is distinguished by being a person who tries to cover
their specific needs — functional and economic — and obtain specific benefits for their
company or business.
GENERAL MARKET SEGMENTATION
Marketing must focus specifically on the consumer and his relationship with the company.
Not all companies can meet the diverse needs of the consumer and — hence — carry it out
efficiently.
That is why, through specialization, companies concentrate their activities on the
development and manufacture of products or services aimed at specific sectors of the
population.
“Market segmentation” is the process of analysis and identification of consumer groups in a
market where they share similar characteristics and also very similar needs.
These groups of customers will possibly react in a similar way to the advertising campaigns
we have planned, if we have properly chosen the market segment, taking into account the
geographical area, the profile of the consumer and the product. An inadequate or erroneous
choice will be the failure of any business action in the field of Marketing.
Once identified the various segments that exist in the market, the company can decide
which of them is the most interesting or which historically has responded more effectively
to our offer.
In our work we must achieve a market segment as wide as possible. The size of the market
and the segment that we are going to achieve will determine - as is logical - the volume of
sales that the company achieves.
BASES FOR MARKET SEGMENTATION
There are several ways in which consumers can be grouped or market segmented:
GRUPOS
Age and sex
Many products are aimed directly at groups of a certain age; This segmentation is very
useful for determining the means of communication to capture them.
Income
Knowing the disposable income of consumers is important to determine the quality or level
of the product that can attract a consumer or group of them.
Social class
The different social classes to which consumers belong can affect their interests, attitudes
and ways of spending money.
Geographic situation
The place where the consumer lives, to the north or south of the country, in a city or in the
countryside, is important for certain types of products or services.
Personality
Other forms of segmentation more product-oriented is the difference between users:
demanding or less demanding.
SEGMENTATION
Demographic
It refers to the functional and economic conditions of the consumer: age, sex, family
situation, social class, etc.
Psychographic
It refers to people's attitudes, interests and perceptions regarding the product. The
underlying and not only superficial knowledge of the person's attitudes and perceptions are
very important in Marketing.
Geographical area
This segmentation is especially important when the company tries to target its product or
service to a localized community.
THE SOCIAL POSITION AS A SEGMENTATION METHOD
This is one of the most common ways to classify the consumer and one of the most used
demographic variables, such as age and sex. The purpose of this type of analysis is to try to
identify market segments that respond similarly to our marketing strategy, that is, behave in
the same way.
We will use this system for the investigation of the target market as a fundamental method
of grouping.
For Marketing there are two basic forms of classification.
The NATIONAL INSTITUTE OF STATISTICS (INE) provides figures where households
are analyzed according to household income and other components of the family nucleus.
Identify people by their degree and social category, according to the following chart:
SOCIAL DEGREE CATEGORY
A) Upper Middle Class
B) Middle Class
C1 Low Middle Class
C2 Specialized Working Class
D Working Class
E Minimum Subsistence Level
The profiles of the aforementioned social classes are used by Marketing experts to identify
possible market segments and to implement strategic marketing with one objective: to
identify the economic level, lifestyle, cultural trends and purchasing behavior of A certain
social group.
But we must emphasize that not all individuals behave in the same way within a group.
However, with only a significant percentage having similar tastes, needs, desires and
purchasing power, this form of market segmentation, which covers our commercial
objectives or expectations, will always be justified.