StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Target Market as a Population Segment - Essay Example

Cite this document
Summary
The paper "Target Market as a Population Segment" discusses the scope of the proposed business, and its products, and identifies three major market segments. The working class, especially in white-collar jobs, is the first segment for products with a specific interest in physical fitness. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.9% of users find it useful
Target Market as a Population Segment
Read Text Preview

Extract of sample "Target Market as a Population Segment"

Those who work in offices with mental tasks require a high standard of mental health that they can derive from the gym’s services for physical fitness. The segment's anticipated rationale demanding for services is based on scientific findings that physical exercise enhances memory potential, a factor that the segment needs in their jobs. The segment’s ability to pay for the proposed services also identifies their potential demand for better health because of the scientific knowledge that physical activity prevents and helps in managing many chronic diseases such as diabetes and cardiovascular complications (Neeser 1-4).

Women are another target segment for the business because of their interest in body weight that can be met through the gym and juices and proteins from the bar. The segment is a significant target because of its members’ sensitivity to their weight which prompts them to solutions in the proposed business products. Though they are likely to be financed and even be influenced into the gym by their parents, children are another segment with an interest in the gym for enhanced cognitive development (Claritas 1).

Those who work in the white-collar sector and women and children from financially stable backgrounds form the target market for the proposed venture. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Tatget market Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/business/1622054-tatget-market
(Tatget Market Essay Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/business/1622054-tatget-market.
“Tatget Market Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1622054-tatget-market.
  • Cited: 0 times

CHECK THESE SAMPLES OF Target Market as a Population Segment

The Process of Market Segmentation

Differentiation refers to adapting the characteristics and marketing of your product/service to fulfill the needs and wants of a particular target market.... In order to select the target market for product/ service, a firm must indulge in the process of market segmentation.... This prevents duplication of resources and enables the business to directly target the segment that is more likely to be interested in their product/service offering rather than wasting time and resources upon targeting a massive market that may not be interested in the product/service at all (Yankelovich, 1964, pg....
6 Pages (1500 words) Essay

Segmentation and Possible Target Markets

Since the release of the product in 1982, diet coke receives appraisal and acceptance in the United States market as a feminine drink.... This market segment provides a large human population that creates a base for the coca cola market.... As a result, the Coca-Cola Company saw the need to isolate women as the target segment market for the coke diet product.... The company capitalizes on advertisements to appeal to the female market segment....
4 Pages (1000 words) Case Study

Why Is It Thought Necessary for a Firm to Target Specific Segments of the Market

ifferentiation refers to adapting the characteristics and marketing of your product/service to fulfill the needs and wants of a particular target market.... In order to select the target market for the product/ service, a firm must indulge in the process of market segmentation (Greenberg and Mcdonald, 1989, pp.... This prevents duplication of resources and enables the business to directly target the segment that is more likely to be interested in their product/service offering rather than wasting time and resources upon targeting a massive market that may not be interested in the product/service at all (Yankelovich, 1964, pg....
6 Pages (1500 words) Essay

The Concepts of Market Segmentation and Target Marketing

This notion is shared by Kim, Lee and Koh (2004), who note that market segmentation relies on the idea that there is need for the company to divide or segment the market in a manner that enables the achievement of certain sets of buyers.... The paper "The Concepts of market Segmentation and Target Marketing" states that in many firms, finding customers, understanding them critically, together with figuring out the exact desires of the group is a difficult process, which is often characterized by trial and error practices....
9 Pages (2250 words) Essay

Market Segmentation

The competitive intensity is very low in this segment as there is a lack of consolidation.... The business would however gain additional advantages because of a multi ethnic population of the UK.... This essay "market Segmentation" discusses the concept of market segmentation that has become more important because of mass customization and individuality.... The competition in markets is another factor that emphasizes the importance of market segmentation....
5 Pages (1250 words) Essay

The Role of Market Segmentation

or example, geographic segmentation may include variables such as region, size of the area segmented according to size of the population, the density of population in a particular area.... The writer of this report "The Role of market Segmentation" aims to explain the concept of market segmentation.... market segmentation helps not only reduce the efforts of the marketers in targeting their potential customer base but also plays a major role in developing a sense of customer loyalty among the customers to the new as well as the existing customers....
6 Pages (1500 words) Essay

Integrated Marketing Communications for Various Market Segments

This case study 'Integrated Marketing Communications for Various Market Segments' illustrates an extensive research to open a fashion store in Sydney, to study target market for the fusion energy drink, types and basic terms for effective segmentation, stages of consumer decision-making process etc.... A company needs to adopt different marketing strategies to cater to each segment.... The different attributes of the segments must be measurable such as size, needs, usage patterns, purchasing power etc so that each segment can be identified easily....
7 Pages (1750 words) Case Study

A Multivitamin and Minerals Company Value Min

This, as a result, necessitates the need for a company to segment its market.... Segmentation is a fundamental aspect in marketing and it is important for marketers to first segment the market in order to ensure that the services or products' being offered gets to the right individuals or firms.... A good segmentation will lead to segment members who are externally heterogeneous and internally homogenous.... Value Min, a successful multivitamin and minerals company intends to introduce a w brand of its products to the market....
10 Pages (2500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us