Marketing Management

 Chapter 9

 

Types of Markets: There are two type of market.

a)      Consumer product: Goods and services purchased by the ultimate consumer for personal use.

b)      Business product: Goods and services purchased for use directly or indirectly in the production of other products for resale.

Producer à  X (reseller) à product à Y (consumer)

Product is business product for X and it is consumer product for Y.

 

Segmentation: Process of dividing the total market into relatively homogeneous group. We can’t reach all of the market and we have to do market segmentation.

 

1)       Demographic Segmentation:

a)      Gender: Segmenting by gender. Male or Female.

b)      Age: Segmenting by age. Ex: Adult/Child, Teenage, 18-25, middle aged.

c)       Household types: how many people living in house.

d)      Income & Expenditure: We have to know people purchasing power. Their incomes and expenditures are the important for us to determine our target audiences.

e)      Family Lifecycle styles: Every family has a different life style.

 

2)       Psychographic Segmentation:

a)      AIO: Attitude / Interest / Opinion à all of them are purchasing decision.

Attitude: Beliefs, Feelings, Behaviors. Arabayı beğenirim ama maddi imkanım yok.

Interest: Football, Technology. Fenerbahçe ürünlerine karşı olan ilgi.

Opinion: Kişilerin fikirleri, düşünceleri.

 

b)      VALS: Values / Attitudes / Lifestyles.

Values: Mesela annelerin değeri. Kimi ülkede anneler günü önemli kimisinde değil.

Lifestyles: Kişilerin kendilerine gore yaşadıkları hayat biçimi.

 

c)       Psychographics:

·   Strivers: En üst derecedeki insanlardır. Gelirleri yüksek ve maddi güçleri var.

·   Achievers: Başarılı insanlardır ve strivers gibi maddi güçleri vardır.

·   Pressured: Özellikle bayanlara ait bir kesimdir ve baskıya maruz kalırlar.

·   Adapters: Who needs to see it before then buy it.

·   Traditionals:  They don’t change their life. They don’t like new things.

 

3)       Geographic Segmentation: Dividing a population into homogenous groups on the basis of population locations.

 

4)       Product Related Segmentation:

·   Segmenting by benefit sought:

Mc Donald’s: Fast Service à Drive thru Service à Time Benefit

·   Segmenting by usage rate:

Alp 10 adet, Yakup 12 adet, Murat 20 adet, Asli 30 adet, Ahmet 6 adet.

High: Murat, Asli  Medium: Alp, Yakup                  Low: Ahmet

·   Segmenting by brand loyalty: Markaya olan bağımlılık ve sadakata gore segment yapmak. Ör: Coca-cola satarsanız onun loyal müşterilerine bakarsınız.

 

Target Market Decision Analysis:

 

·         Undifferentiated Marketing: Tek bir ürün üretilir ve herkese o satılır.

Ex: Su, ekmek.

 

·         Differentiated Marketing: Birçok çeşit üretilir, farklı fiyatlar olabilir, aynı yerlerde satılır fakat farklı promotion strategyleri uygulanır.

Ex: Diş macunu. Değişik çeşitleri üretilir ve farklı tanıtımlarla halka sunulur.

 

·         Concentrated Market: Limited target consumer & limited market.

Ex: Ferrari producing limited car and have limited customers.

 

Selecting a Strategy:

                    i.      Company resources

                  ii.      Product homogeneity

                iii.      Stage in the product life cycle

                 iv.      Competitors strategies

 

·         Positioning: Marketing strategy aimed at a specific market segment and designed to achieve a certain position in the buyer’s mind.

  • Repositioning: Changing the relative position a product holds in the consumer’s mind.

Tylenolun gentlenessi yüksekti fakat effectivenessi düşüktü. Ve bir strateji geliştirip extra strength tylenolu üretip effectiveness te advili geçti. Rekabette böyle firmalar böyle atılımlarla rakiplerine üstünlük sağlayabiliyorlar. Product positioning bu yüzden önemlidir.

Chapter 10

Product à  tangible  à consumer products or business products.

Service à intangible.

 

A.     Consumer Products: (Convenience Products):

 

1)      Impulse Items: Film, snack foods, magazine.

 

2)      Staples: Gasoline, bread, milk.

 

3)      Emergency Items: Candies, bandages, antiseptic cream, minor plumbing supplies.

      These are cheap products. They are the part of our life.

 

B.     Shopping Products:

 

1)      Homogenous: Whitegoods.

 

2)      Heterogeneous: Furniture, Home computers.

 

C.     Specialty Products: Luxury cars, designer clothing, health foods.

 

D.    Unsought Products: Life insurance, self-improvement courses, cemetery plots.

      You need it but someone imposing you to buy it.

 

Chapter 1-2-3     Chapter 5-6

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