Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question1 : For each of the products below, identify the target market. Be specific. Include geographic, demographic and psychographic characteristics. For example, the target market

  • Question1 : For each of the products below, identify the target market. Be specific. Include geographic, demographic and psychographic characteristics. For example, the target market for Just For Men hair color could be broadly defined as men. However, by analyzing the potential users and characteristics, a narrower market segment can be definedmen, over 40, involved in a romantic relationship, with some amount of disposable income, who care about looking younger.

Product/Service

Target Market

1. Lipitor prescription drug

2. Luvs disposable diaper

3. Chanel cosmetics

4. First-class airline ticket

5. Mobile car detailing service

6. Energy drink

7. Romantic novel from Amazon.com

Question2 : Go to http://factfinder2.census.gov

If your target market was the state of California for Chanel products, choose three of the demographic characteristics you listed above and state how many potential customers far in each of those characteristic categories.

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

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions