ADV 318J Chapter Notes - Chapter 6, 9, 15, 17: Market Segmentation, A.D. Vision, Brand Management

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10 Oct 2018
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Chapter 6: market segmentation, positioning, and the value proposition. In the real world, segmentation evolves in such a way that multiple variables are actually used to identify and describe the chosen segments. Emergent consumers: there is a gradual but constant influx of first time buyers; the reasons for this influx vary by product category and include purchase triggers like puberty, graduation, marriage, etc. Us population: older consumers are a diverse group, and the temptation to stereotype must be resisted; age alone does not tell the whole story. American dreams segment ex 131: systems such as prizm, are very popular b/c of the depth of segment description they provide, along with their ability to precisely identify where the segment can be found. Benefits sought: benefit segmentation, when target segments are dileneated by the various benefit packages that different consumers want from competing products and brands (car example 131) What should our brand mean relative to other brands.

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