Categories: All - positioning - segmentation - consumers - growth

by Левченко Анна 9 years ago

862

Factors of the marketing management process

The marketing management process involves several crucial stages to effectively promote and sell products or services. It begins with market segmentation, which entails dividing the customer base into distinct groups based on geographic, demographic, and psychographic factors.

Factors of the marketing management process

Develop a marketing program

Factors of the marketing management process

Market positioning

Identifies the exiting positions of all the products currently serving its market segments
Occupy a clear,distinctive and desirable place relative to competing products
Give them the greatest strategic advantage in their target markets
Distinguish our products from competing products

Target consumers

Growth prospects of the market
It depends on:

Developments in the enviroment

life-style changes

advantages in technology

economic conditions

Nationality groups

Income

Growth rate of certain age

Estimate of the cuffent and future size of the market
Determine whether the market is large enough
Estimate current sales of competing products
Identify all competing products
Careful analysis of consumers
Understand their needs and wants

Delivering them greater value then competitors

Market targeting

Selecting one or more segments to enter
Serve several related segments
Strategy limits sales
Evaluating each market segment's attractiveness

Market segmentation

Classifying customers into groups
Phisiographic factors

pirchase occasions

benefits sought

подтема

Demographic factors

education

income

age

sex

Geographic factors

cities

regions