Consumer Behaviour Analysis for ASOS Business Expansion Strategy
VerifiedAdded on 2022/08/17
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Report
AI Summary
This report provides an analysis of ASOS's consumer behavior to inform its business expansion strategy, particularly in the Australian market. It begins with a company background, highlighting ASOS's focus on young adults. The report identifies key issues such as declining business growth and distribution problems, and proposes objectives to address these challenges through business modifications. The report focuses on creating an efficient customer service unit and utilizing machine learning to create attractive offers. It defines the target audience as young adults aged 18-35 with a specific income range and lifestyle. The marketing activities are examined through the four Ps: product, price, promotion, and place, with an emphasis on mass marketing pricing and omni-channel marketing strategies. The report concludes with an evaluation of the campaign's success, referencing relevant marketing concepts and theories. This analysis provides a comprehensive overview of ASOS's approach to consumer behavior and its impact on business growth.
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