Need Help on Discussion Question
For this week’s discussion, please respond to the following:
- Describe the target market for your chosen company, whether it’s based the snack food company scenario or a start-up company of your choosing. Be sure to include the following:
- Demographic Description: Age, income range, gender, family size, education, occupation, et cetera.
- Example: A likely user for X product is a male aged 25–34 who earns between $35,000 and $55,000 per year and has a four-year college degree.
- Geographic Description: Area you would like to serve, density (urban, rural), nature of location (mall, business center, et cetera), climate condition.
- Example: Atlanta.
- Lifestyle Description: Where do your customers shop, what do they do for leisure, what kind of clothes do they wear, what type of cars do they drive, et cetera?
- Psychographic Description: How would you describe your target market, for example, socially responsible, trendsetters, or fun-seeking?
- Purchasing Pattern Description: How will your target market use the product, how many times will they buy it, where do they buy the product, how do they pay for it, et cetera?
- Buying Sensitivities Description: What factors are important to the customer before they buy (price, quality, customer service. packaging, et cetera)?
- Demographic Description: Age, income range, gender, family size, education, occupation, et cetera.
Requirements: As long as it takes to answer
Answer preview
target market (Aaker et al., 2015). When an organization can correctly identify its target market, specifically its customers’ needs and preferences, it can leverage this information to develop products that satisfy its customers’ needs and preferences. Furthermore, the information can help it establish marketing ventures that allow customers to familiarize themselves with the product (Aaker et al., 2015). Freshly is one of the successful startup companies in the United States. The company came into existence in 2012 and is headquartered in New York (Freshly, n.d.). Freshly focuses on delivering freshly prepared meals not only in New York but also across the country. Understanding the company’s target market will go a long way in helping the company to provide value to its customers through its products and services.
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