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WorksheetsIntegrated Business Principle _ FIN223
Total questions: 48
Worksheet time: 25mins
• People living in the same area have similar needs and wants that differ from those living in other areas
Demographic Segmentation
Geographic Segmentation
Market Segmentation
Behavioral Segmentation
Coming from an immigrant family from China, --- learned the value of hard work and dedication from his father who worked as a cook in a Buddhist temple. His father started a Chinese restaurant in Manila with his savings so he can send him to college.
Cecilio Kwok Pedro
Socorro C. Ramos
John Gokongwei Jr
Tony Tan Caktiong
• Partitioning of the market based on lifestyle and personality characteristics
Psychographic Segmentation
Behavioral Segmentation
Demographic Segmentation
Geographic Segmentation
age, gender, marital status, income, occupation, education, ethnicity
Geographic Segmentation
Psychographic Segmentation
Behavioral Segmentation
Demographic Segmentation
• Partitioning of the market based on attitudes toward or reactions to a product and to its promotional appeals
Psychographic Segmentation
Behavioral Segmentation
Demographic Segmentation
Geographic Segmentation
• Anything that can be offered to a market for attention, acquisition, use or consumption.
INTANGIBLE
TANGIBLE
PRODUCT / SERVICES
DEMAND / SUPPLY
life story is a “rich-to-rags-to riches” story. John Jr. was born in China to the scion of one of the wealthiest families in Cebu
Henry Sy
Socorro C. Ramos
John Gokongwei Jr
Cecilio Kwok Pedro
Targeting those heavy users is a common marketing strategy
Benefit Segmentation
Brand and Store Loyalty
Usage Rate
Behavioral Segmentation
heavy users ,medium users, light users , nonusers
Benefit Segmentation
Usage Rate
Brand and Store Loyalty
Positioning
Brand identification
Convenience Products
Shopping Products
Unsought Products
Specialty Products
a relatively small number of heavy users account for a disproportionately large percentage of product usage
Usage Rate
Benefit Segmentation
Brand and Store Loyalty
Positioning
• Changing lifestyles play a major role in determining the product benefits that are important to consumers and also provide marketers with opportunities for new products and services
Benefit Segmentation
Brand and Store Loyalty
Usage Rate
Positioning
Necessities
Consumer Goods
Perishable goods
Durable Goods
Goods
• The tendency of some consumers to repeatedly select the same brand within a given product category
Positioning
Usage Rate
Brand and Store Loyalty
Benefit Segmentation
Suitability & Quality
Price & Style
Convenience Products
Specialty Products
Shopping Products
Unsought Products
• Marketers constantly attempt to identify the single most important benefit of their product that will be the most meaningful to consumers
Brand and Store Loyalty
Positioning
Usage Rate
Benefit Segmentation
• makes you stand apart and also plays an important role in branding your product.
Benefit Segmentation
Usage Rate
Brand and Store Loyalty
Positioning
Shoe Mart is more than just a shopping mall. It's a beloved institution from shopping, watching blockbuster movies, date night, ice skating to food tripping, Shoe Mart has it all.
Henry Sy
John Gokongwei Jr.
Socorro C. Ramos
Tony Tan Caktiong
• Process of reviewing market segments and deciding which one(s) to pursue
SEGMENTATION
GEOGRAPHIC
TARGET MARKET
TARGETING
Today, National Bookstore has grown to over hundred stores. Despite digital technology, it continues to flourish!
Cecilio Kwok Pedro
Tony Tan Caktiong
Henry Sy
Socorro C. Ramos
--- Includes free housing for more than thirty deaf–mute staffs. To date, more than 180 hearing-impaired students have received college education through Deaf Evangelistic Alliance Foundation (DEAF).
Tony Tan Caktiong
Cecilio Kwok Pedro
John Gokongwei Jr.
Henry Sy
Tangible
PRODUCT
Intangible
SERVICES
Needs
Special purchase efforts
Specialty Products
Shopping Products
Unsought Products
Convenience Products
milk and cheese, produce, and meat
Perishable goods
Goods
Durable Goods
Consumer Goods
Intangible
Tangible
PRODUCT
Demand
SERVICES
• Act of dissecting the marketplace into submarkets that require different marketing mixes
TARGETING
BUSINESS
SEGMENTATION
GEOGRAPHIC SEGMENTATION
Appliances, Gadgets ,etc.
Goods
Durable Goods
Perishable goods
Consumer Goods
New innovations
Convenience Products
Specialty Products
Unsought Products
Shopping Products
financial, health care, legal
Professional services
Mass services
Services
Service shops
tailoring, appliance repair, car wash, auto repair/maintenance
Service shops
Mass services
Service
Professional services
beauty salon, spa, barbershop
Services
Service shops
Mass service
Personal care
• Unique Selling Proposition or USP is a very important concept used during the time when a company promotes its product through its advertisements in both TV as well as print media which eventually attracts a consumer to buy a particular product.
Positioning
Benefit Segmentation
Brand and Store Loyalty
Usage Rate
Buy frequently & immediately
Unsought Products
Specialty Products
Shopping Products
Convenience Products
Low priced
Unsought Products
Shopping Products
Specialty Products
Convenience Products
Division of the market based on the location of the target market
Geographic Segmentation
MARKET SEGMENTATION
Psychographic Segmentation
Behavioral Segmentation
Many purchase locations
Convenience Products
Unsought Products
Specialty Products
Shopping Products
• Satisfies a want or a need.
PRODUCT / SERVICES
SATISFACTION
NEEDS
DEMAND
Unique characteristics
Shopping Products
Unsought Products
Convenience Products
Specialty Products
Staple goods
Impulse goods
Emergency goods
Unsought Products
Shopping Products
Convenience Products
Specialty Products
Few purchase locations
Unsought Products
Specialty Products
Shopping Products
Convenience Products
utilities, Internet, communications
Service
Service shops
Professional services
Mass services
Buy less frequently
Specialty Products
Convenience Products
Unsought Products
Shopping Products
Fewer purchase locations
Shopping Products
Specialty Products
Convenience Products
Unsought Products
Products consumers don’t
want to think about
Convenience Products
Shopping Products
Specialty Products
Unsought Products
Require much advertising &
personal selling
Specialty Products
Convenience Products
Shopping Products
Unsought Products
Gather product information
Unsought Products
Shopping Products
Convenience Products
Specialty Products
4PS OF MARKETING MIX
(a)
9PS OF MARKETING MIX
(a)
