Posted: September 10th, 2021

Antecedents of Target Marketing, Unit 6 Assignment help

Question description

https://essays.homeworkacetutors.com/write-my-essay/cengage.com/marketing/book_content/9781133190110_lamb/videos/ch08.html
Assignment 6: Antecedents of Target Marketing As stated in Lamb et al. (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay), to segment a market successfully, a marketer must consider certain criteria.
A market segment must be:
1) substantial (have enough potential customers to be viable),
2) identifiable and measurable,
3) composed of members accessible to marketing efforts, and
4) responsive to particular marketing initiatives to differentiate it from other market segments.
In marketing, segmentation is used to create market segment profiles for the purpose of targeting consumers. Marketers identify a target market as one of the following three different strategies:
· Undifferentiated targeting,
· Concentrated targeting, and
· Multi-segment targeting.
Lamb et al. (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay) explain that an undifferentiated target marketing strategy:
Assumes that all members of a market have similar needs that can be met with a single marketing mix. A concentrated targeting strategy focuses all marketing efforts on a single market segment. Multi-segment targeting is a strategy that uses two or more marketing mixes to target two or more market segments. (pp. 131–135)
To demonstrate your understanding of segmentation, target marketing, and positioning, watch the video case study on Numi Organic Tea and answer the related questions by following the instructions.
References
Lamb, C. W., Hair, J. F., & McDaniel, C. (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay). MKTG7. Mason, OH: Cengage.
View the ~ Hire our professional writers now and experience the best assignment help online with our custom paper writing service. We ensure your essays and assignments are expertly researched, written and delivered on time. ~ Grading rubric icon below to see the full instructions and ~ Hire our professional writers now and experience the best assignment help online with our custom paper writing service. We ensure your essays and assignments are expertly researched, written and delivered on time. ~ Grading rubric for this Assignment.
Assignment: Antecedents of Target Marketing
In this Assignment, you will discuss antecedents of target marketing as they relate to the video case study on Numi Organic Tea. The video case study on Numi Organic Tea describes how
the company’s sampling program helps position the Numi Organic Tea brand with its target markets. The brand’s premium position ties naturally into the customer outlined in the film, but Numi is also interested in expanding outside of the major tea drinker into more casual tea drinkers. To watch the video case study: Select Numi Organic Tea,
Using research from Chapter 8, answer the questions on Numi Organic Tea in the template provided. Download the template for this Assignment below.
Directions for Submitting this Assignment:

Review the ~ Hire our professional writers now and experience the best assignment help online with our custom paper writing service. We ensure your essays and assignments are expertly researched, written and delivered on time. ~ Grading rubric below before beginning this activity. For additional help with your writing and APA citation, please visit the Kaplan University Writing Center accessed from the home area of this course. Compose your Assignment as a Microsoft Word document and save it as (Example: TAllen-MT219 Assignment-Unit 6.docx). Submit your file by selecting the Unit 6: Assignment Dropbox by the end of Unit 6. Unit 6 Assignment: Antecedents of Target Marketing

Percent possible

Points possible

Points Earned

Comments

Content per Checklists

100%

50

Answer provides complete information demonstrating analysis and critical thinking:

80%

Provides correct answers to two short essays of 200–250 words using research from the text.

48%

24

Provides correct response to the eight multiple choice questions with additional 100 word defense of each answer. 2 pts. for each correct response (1 pt. for correct answer, and 1 pt. for viable defense)

32%

16

Subtotal:

80%

40

Provides completed template using correct grammar, spelling, and APA format and

20%

10

Title of Paper Goes Here
Your Name
Kaplan University

Antecedents
of Target Marketing
Short Essay: Write a 250 (or more) word discussion using research from your textbook
to help substantiate your understanding of segmentation, target marketing, and
positioning. Apply APA style referencing in your writing.
1.
 In the first part of the video, Jen Mullin, the Vice President of
Marketing for Numi Organic Tea, clearly describes their typical customer. Using
the information on segmentation you learned from reading Chapter 8 in Lamb, et
al. (2014: 2024 – Essay Writing Service | Write My Essay For Me Without Delay), discuss who the customer is and how the Numi marketing team figured
that out?
ANSWER:
2. What
is Numi’s principle marketing plan? In what way does Numi’s marketing team use
what they know about their target demographic to implement their marketing
plan?
ANSWER:

Defend Your Answer Challenge: Highlight your multiple choice
answer in yellow.
Write a 100 (or more) word discussion in defense of your answer to the multiple
choice and true/false questions using research from your textbook to help
substantiate your understanding of segmentation, target marketing, and
positioning. Apply APA style referencing in your writing.
3) Jen Mullin, the vice president of
Marketing for Numi Organic Tea, describes their typical customer as a female,
college-educated tea lover, possibly an “eco-mom.” What type of market
segmentation has she used to identify this customer group?
a. Geographic segmentation
b. Demographic segmentation
c. Ethnic segmentation
d. Psychographic segmentation
 
ANSWER:
4) Another way Numi Organic Tea
identifies potential customers is through what they want from the product; they
are looking for organic, fair-trade, premium quality tea, according to the
video. What type of market segmentation is used to identify customers in this
way?
a. Geographic segmentation
b. Demographic segmentation
c. Benefit segmentation
d. Usage-rate segmentation
ANSWER:
5) Because Numi Organic Tea has
identified more than one target market, for example, “eco-moms,” college
students, and family travelers, they should be particularly aware of the
____________________, which helps explain how consumption patterns differ at
different stages determined by a combination of age, marital status, and the
presence or absence of children.
a. Family life cycle
b. 80/20 principle
c. Undifferentiated targeting
strategy
d. Concentrated targeting strategy
ANSWER:
6) The demographic variable that
Numi Tea marketers were examining when they recognized that people who had
discovered their product at a high-end spa or fine restaurant often shopped for
groceries at Costco was _________________________.
a. Age
b. Income
c. Ethnicity
d. Gender
ANSWER:
 

7) Numi Tea uses premium ingredients
to create a premium tea at an affordable price, according to Jen Mullin. This
is a form of ______________________ that the company uses to distinguish their
products from those of competitors.
a.  Perceptual mapping
b.  One-to-one marketing
c.  Product differentiation
d.  Market segmentation
ANSWER:
 

8) Which of the following is the
least likely targeting strategy that Numi Tea would select to market their
products?
a. Undifferentiated targeting
b. Concentrated targeting
c. Multisegment targeting
d. Niche targeting
ANSWER:
9)When Jen Mullin explains
that her company seeks to include their product in gift bags and other
promotional giveaways by companies and other organizations, she is recognizing
the need to change customers’ perceptions through sampling.
a. True
b. False
ANSWER:

10) To graphically map the “channel
conflict” between marketing Numi Tea to premium spas, hotels, and restaurants
and selling the same brand at mass market stores such as Target, the company
could employ perceptual mapping.
a. True
b. False
ANSWER:

Write My Paper