Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Imagine that you are in charge of fundraising for a Canadian charity that promotes child health and safety. You are trying to identify a new

Imagine that you are in charge of fundraising for a Canadian charity that promotes child health and safety. You are trying to identify a new group of donors for this organization. Making reference to each of the requirements for effective segmentation, illustrated by specific examples from the following segment description, explain how useful this PRIZM segment would be for your purpose. 6 marks

Maximum 350 words (please show your word count)

Multiculture-ish

Upscale, multi-ethnic suburban families This segment represents 2.32% of Canada's population and 1.65% of households. One of the wealthier suburban lifestyles, Multiculture-ish is an ethnically diverse segment of middle-aged Asian and South Asian households. Located in and around major cities, more than 40 percent of residents are immigrants, and the rest are typically second-generation Canadians whove settled in houses built since 1990. Multiculture-ish households tend to be large, and the significant presence of children influences their preference for family-friendly outings to theme parks, zoos and aquariums. Having completed university and college educations, the adults enjoy upscale incomesearned from jobs in management, business and scienceand energetic lifestyles. Many like to jog, golf and do aerobics, while their kids participate in formal sports programs. At home, they accumulate multiple pets, TV sets and phones. They have an average household income of $157,740 and average household net worth of $828,010.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Derivatives Markets

Authors: Robert McDonald

3rd Edition

978-9332536746, 9789332536746

More Books

Students also viewed these Finance questions