Question
Dolls, Cars, activity kits, board games are toys liked by kids. An M/s Wonder kid, a company that has multiple businesses has been eying the
Dolls, Cars, activity kits, board games are toys liked by kids. An M/s Wonder kid, a company that has multiple businesses has been eying the opportunity to target kids with various toys. The company has launched a doll with the name "Parr and a car with the name "Speedy". The company plans to distribute the products across the country. The doll "Parr is available in the range of Rupees 400 — 600 whereas the speedy car is available in the range of Rupees 350 -550. The company plans to target B2B customers by selling bulk quantity to kids based parks, playgroups. The company has just launched the product and it has hired you to handle the marketing activities of the newly launched products.
1. Explain various ways to segment the consumer market. (20 Marks)
The answer should be a min word limit of 800 Words. Or else University will not accept. And Answer should be Plagiarism Free. If the copy case found they reject the assignment.
Step by Step Solution
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Step: 1
Market segmentation is the process of dividing the market on the basis of customers requirements The market is divided into different groups on the basis of different characteristics The consumer mark...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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