Nivea

Market division is defined as the identification of individuals or organizations with similar characteristics that have significant implications for the determination of marting outline (David & John, 2006). veneering diverse pool of customer needs and expectations in each(prenominal) marts, businesses cannot increase market share and make net pull ahead if they apply either unity-size-fit-all approaches or individualized approaches. Therefore, segmenting market is an alpha stage in marketing to split market into designed groups and hence serve them effectively with alter products. With respect to the case of Nivea which is a leading skin-care brand operating in over one hundred fifty countries with the 100th birthday last year, the aims of this undertake are discussing market segmentation criteria selected by Nivea, describing its main market segments as strong as citing its target marketing strategies. The boilers suit view includes ternion main parts which are i dea on common chord market segmentation criteria including behavioral, psychographic and indite attributes. In each criterion, a discussion of that criterion provide firstly be made, hence Niveas market segments resulting from that criteria provide be described and in the long run target marketing strategies to deal with these segments provideing be highlighted.

unmatchable of the criteria which helps firms categorization customers from diverse market is behavioral criterion based on seek emoluments and customer loyalty. Firstly, when firms realize that different customers harbor and ask for different benefi ts in a product group, benefit segmentation ! is used to have the guideline for developing specialized products which will grab attention across segments and create private-enterprise(a) advantages. The reason is that specialized products whose advertisements emphasize to bring specific sought benefits will repudiate a long-lasting impression at the first army on its target customers rather than products with multi-functional or general benefits will do. Moreover, first-mover...If you want to get a salutary essay, order it on our website: OrderCustomPaper.com

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