Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Marketing Management Expert

Question: Target Market Assignment
Since all marketing starts with and is based on a thorough understanding of the target market, it is essential that you thoroughly develop and demonstrate mastery of this concept. In all likelihood, you will not have too much difficulty describing the market segment being targeted in terms of demographics, but when it comes to psychographics it gets a bit more difficult. To help you grasp this set of ideas a target market assignment is where you "get into the head" of a segment. It is a great tool. Following is more detail on this assignment.

Note: it is critical to know that this assignment must be based on research from cited sources or you may just write your "opinion" of what you think this composite person is like.

Assignment Specifics
Imagine a specific person within this segment that embodies the general set of traits and define that person in vivid detail. Within a well written report answer the following questions while describing your target market. Remember to back everything up with research!
Why does your target use the product?
How does your target see him or herself? In other words how would he or she describe his or herself?
How would his or her neighbors describe your target?
What is important to your target? Note that this is not what is important directly related to the mix, but what is important in life!
What are your target's goals and ambitions?
Describe a perfect "off day" or vacation for your target.
Who does your target most want to impress?
Finally, include some numerical (quantitative) data showing the size of this market segment based on the key psychographic characteristics you have identified.
You could further connect this assignment to a comprehensive report such as the Marketing Plan Project with a statement such as the following:
When you complete the Target Market Assignment, you will be able to use these insights in determining whether or not the following considerations are met.
Is this segment worth the effort? · Do the product attributes meet the needs and characteristics of the segment? · Does the pricing fit the priorities of the segment?
Is the product available in a manner that fits the lifestyle considerations of the segment?
Does the marketing communication reach the segment in a way that is likely to be received and responded to favorably?

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M9904121

Have any Question?


Related Questions in Marketing Management

Question using the assignment 1 forum on your class moodle

Question: Using the Assignment 1 Forum on your class Moodle site you will post the result of your research and consideration of a marketing trend discussed or identified in Unit 2. A discussion prompt will be provided in ...

Question we chose ford to market a devise that will alert

Question: We chose Ford to market a devise that will alert you if you accidently left the child in the car. 1. A report with the final Marketing Plan that includes the three previous drafts, attached as an MS Word file. ...

Question respond to the followinghow has the internet

Question: Respond to the following: How has the internet affected marketing research? As a part of your answer address time, cost, approaches, or validity. The response must be typed, single spaced, must be in times new ...

Creating media tools on your own craft a press release to

Creating Media Tools: On your own, craft a press release to bring to life your assigned story idea. The press release should be at least 2 pages following the provided press release format. Then chose a target reporter f ...

Question business ideas for nurse practitioner

Question: Business Ideas for Nurse Practitioner Entrepreneurs Presentation Nurse practitioners can practice in many locations and can be a clinical practice as well as a consulting business, educational business. Read th ...

Question the consumer and business marketscenario

Question: The Consumer and Business Market Scenario Marketing As the marketing manager of a major franchise, your job will be to perform the daily tasks of a marketing manager. Select one of the franchise companies below ...

Assessmentas a workplace project or as a simulated activity

Assessment As a workplace project (or as a simulated activity if not possible to do this in the workplace), produce a marketing communication for your organisation or for a client. This should be carried out from start t ...

Learning outcomethe completion of this assignment requires

Learning Outcome The completion of this assignment requires you to demonstrate the ability to: - Demonstrate from relevant research literature, a sound understanding of contemporary perspectives of the strategic role of ...

Strategic marketing proposal report with 1500

Strategic Marketing Proposal Report with 1500 words Assessment description You are the Marketing Development Team of a global organisation. Your team is to plan for an integrated marketing communications launch of a new ...

Question carefully explain what is happening in the

Question: Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity: (i) A U.S. car manufacturer has produced a lot of SUVs, but now is having difficul ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As