Verified Document

Segmenting The Market Segmentation: Maria's Research Paper

Generation Y couples are also more likely to shoulder the burden for the wedding, rather than insist that the bride's family buy the wedding and the groom buys the engagement ring. Rather than expensive jewelry and fashion, Generation Y tends to be more interested in electronics and other accoutrements of the digital age. Generation Y consumers may be more apt to invest in new computers, iPads, and the latest 'tricked out' iPhone rather than jewelry. Even if a wealthy Generation Y consumer has the financial means to invest in electronics and jewelry, tangible, material goods might seem less important than the virtual items more valued by Generation Y

Instead of focusing on Generation Y, stressing the values of Baby Boomers and older individuals might be a more feasible segmentation strategy for Maria. The classic nature of a diamond gift is likely to appeal to affluent, long-married Baby Boomers, who are seeking to cement their union in a more traditional fashion, and...

Also, given the recent economic downturn, the idea of investing in jewelry might be seen like an attractive wealth-protection strategy.
Market segmentation is most effective when it is varied, but does not fundamentally dilute the product's brand image. Maria must create an image for her company that is high-end, but still broad-based enough to survive in the lagging economy. One final question she must ask is the following: who is more apt to buy diamonds -- men or women? If it is men, the seductive potential of the diamonds must be stressed in marketing of the items. If it is for women, creating a sense of self-indulgent luxury regarding the purchase of a diamond can be the focus of her advertising campaign. Careful marketing may be one way to draw female customers to buy diamonds -- the fact that empowered women do not need to wait for a husband or a spouse to buy a diamond to enjoy the benefits of beauty.

Cite this Document:
Copy Bibliography Citation

Related Documents

Using Market Segmentation to Target Travelers
Words: 3908 Length: 13 Document Type: Essay

Segmentation -- Barcelona Travel Market segmentation is a technique that groups consumers with similar needs and common buying behaviors into segments. These segments become the basis for targeted marketing, which is a more efficient and effective method of marketing than advertising to the masses (Epetimehin, 2011). A feature of market segmentation is the creation of consumer personas or profiles. Consumer personas are pegged to distinct market segments identified through the segmentation

Bangladesh Market Carrefour Expansion and Entry Plan
Words: 6638 Length: 22 Document Type: Research Paper

Carrefour Expansion and Entry Plan into the Bangladesh MarketExecutive summaryThe increase in globalization has increased market opportunities for large companies and organizations, making them go international. Carrefour is one of these organizations that have been sought to increase their market share by venturing into the global market. This expansion plan is for the organization�s expansion and entry into the Bangladeshi retail market. PESTLE Analysis of the Bangladesh market shows that

Marketers Contend That Demographics Are
Words: 2136 Length: 7 Document Type: Term Paper

Isolating and measuring promotional effectiveness alone is not a true picture of the total cause-and-effect that is relied on for creating demand for products and sales, leading to trail and eventual purchase. Just as advertising spending does not correlate to purchases, the same holds true for promotional programs. It is better to look at their effectiveness in isolation and measure only the factors or variables that the p0romotional program

Marketing Plan for Toothpaste the
Words: 3241 Length: 12 Document Type: Research Proposal

Figure 6 resoundingly illustrates how critical reassurance of cleanliness and quality are to anyone who purchases toothpaste. Integrated Marketing Communications Objectives First, to conclusively align the snore reduction aspects of the tooth paste with accentuated health through immunity from bacteria and a feeling of cleanliness from using the toothpaste periodically. Second, to define a unique and defensible marketing position for the snore reduction tooth paste including a unique value proposition that will

Chevron Corporation Nyse:cvx Is One
Words: 4043 Length: 12 Document Type: Thesis

A. (RECOPE, S.A), based on Costa Rica. There is also the Columbian nationalized oil conglomerate operating under the name Empresa Colombiana de Petroleos (ECOPETROL). Both of Chevron's largest global competitors are nationalized by the nations they operate in, which make pricing and market execution strategies in these specific countries difficult. In addition, there are significant cultural differences between the U.S. And these countries as well. As a result, there continues

The Role of Art in the Development of Children
Words: 4304 Length: 12 Document Type: Essay

Psychology and Teaching- The Importance of Art How Childhood Events develop a lifetime in Art One of the crucial times in an individual's life is early childhood. Early childhood acts as the basis for all later undertakings in one's life. It is not only the kids who suffer in case we, as a community, fall short in meeting their needs. We, the community, also suffer as a result. It is essential to

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now