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Marketing

Analyzing segments using suitable and relevant segmentation variables to select the ideal target market for a client in a marketing plan.

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Added on  2023-04-23

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This document discusses the consumer buyer characteristics, level of involvement, situational, psychological and social influences on the buying decision process, segmentation variables, buyer persona and positioning statement for True technique.

Marketing

Analyzing segments using suitable and relevant segmentation variables to select the ideal target market for a client in a marketing plan.

   Added on 2023-04-23

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Running head: MARKETING
Marketing
Company name: True technique
Student Identifier (name and number)
Subject code and name
Marketing_1
MARKETING 2
Table of Contents
Identification of consumer buyer characteristics.........................................................................................3
Level of involvement of consumers that purchase the product/service....................................................3
Situational, psychological and social influences on the buying decision process....................................4
Segmentation variables............................................................................................................................4
01 (one) buyer persona................................................................................................................................5
Positioning statement...................................................................................................................................6
References...................................................................................................................................................7
Appendix: Positioning map.........................................................................................................................8
Marketing_2
MARKETING 3
Identification of consumer buyer characteristics
Level of involvement of consumers that purchase the product/service
(Sources: Hidalgo, 2017).
There are two sorts of involvement that the customer focuses on buying decision making:
Low Involvement:
In this category, products entail a low level of risk and no risk and could be inexpensive at a
longer period. Moreover, customers purchase low involvement product involuntarily. Example
of low involvements services is yoga, Aerobics, and body weight training. When a customer
purchases bodyweight training then he could take any package of training. Here, customers will
voluntarily purchase. When a customer purchases bodyweight training then every brand of Gym
has the same utility except the choice of customers (Ascarza, 2018). There is no risk entailed
even if customer purchases bodyweight training that is not his preferred brand.
High Involvement:
In this category, there is a high level of risk and most probably expensive. For example, high
involvement products are group training, massage chair, and high-intensity interval training. For
instance, when a customer is purchasing high-intensity interval training then he would
Marketing_3

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