Thursday, May 2, 2019
Identify the 4ps for the totally different customers Assignment
pick out the 4ps for the totally antithetic customers - Assignment ExampleBases for segmentation can be demographic, geographic, psychographic or behavioral. The way city residents pull up stakes behave as concerned to the type of vehicle they would want to have is the not the equivalent as the way farmers and bring downowners will behave concerning the same issue. Therefore the fraternity moldiness prepare a market mix that favors both(prenominal) segments by offering brands that are inline with their preferences. A market mix is form based on the four Ps which are Product, Price, Promotion and Place. The pricing made to farmers and city residents must offer value to both the fellowship and the buyers of the four-wheel vehicles. The product that is the type of four-wheel vehicle preferent by city residents should be differentiated by the type preferred by farmers and landowners. Vehicles targeted for city residents will posses specifications that provide better coachs fo r human transport. Vehicles sold to the farmers and landowners will have characteristics that provide a favorable condition for farm activities. Promotion involves branding the products in a way that favors each particular segment. The four-wheel vehicles for farmers and land owners segment must be mark to favor farm activities while those for city residents are branded to favor the comforts of the city residents during human transportation. A good marketing mix for the four-wheel company should conduct promotion in such a way that it creates public relations between the customers and the company hence establishing connections between the two parties. The promotion parade must provide effective communication process through identifying the target audience i.e. farmers and city residents, Determine communication objectives i.e. marketing to achieve high gross revenue where they are low, Design a message, Choose a Media and finally collect a feedback from the people. The segmentat ion itself is delimitate by the place of use of the vehicle and in this case it is the farm and the city. A preferred marketing mix will have to target consumers in such a way that more gross revenue are conducted (www.udel.edu, Focusing Marketing Strategy with Segmentation and Positioning). These can only be achieved through fulfilling both customer needs in terms of product preference, favorable market prices, better promotion strategies and selling products at best located selling points. Consumer does love products that are likes of the majority and therefore a company must market its products to have high sales if they want to maintain the hold on their customers. The delay below offers an modelling of a preferable market mix. Table 1 Marketing mixes for two different consumer segments (Segment A Farmers) (Segment B City residents) PRODUCT Four Wheel drive features are of high measuring stick compared to the ones for consumers. The features they have make them high standard due to the tasks the vehicle is meant to perform. The capacity of sitting will be less but with high speed and acceleration. The standards of consumer four Wheel drive are lower as compared to those of farmers since they are only meant for passenger transport. Huge capacity but low speed is just an example of the features. PRICE High price since farmers and landowners are wealthy to pass huge amount of money to spend on a good Vehicle. The value is comparable to the benefits it offers the
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