100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BTEC Business Level 3 Unit 3 P5 $3.41
Add to cart

Essay

BTEC Business Level 3 Unit 3 P5

1 review
 108 views  0 purchase
  • Course
  • Institution
  • Book

BTEC Business Level 3 Unit 3 P5

Preview 1 out of 3  pages

  • November 22, 2018
  • 3
  • 2015/2016
  • Essay
  • Unknown
  • Unknown

1  review

review-writer-avatar

By: saira78698 • 5 year ago

avatar-seller
BTEC Diploma level 3 in Business Unit number: Unit 3 Assignment ttle: Chocoholic

Unit ttle: Introuucton to Marketng Deauline: 1103300316 Learnerss name: Daniil Chernat


P5) Explain how and why groups of customers are targeted for selected products.


There are a lot of market segments anu all businesses must make sure that they iuentfy their specifc
target segments. All businesses must also ensure that their aims of customers are targeteu correctly.
Businesses coulu separate their customers baseu on their age, genuer, locaton, religion, social classes
anu natonality. In oruer to make a successful business, businesses ought to ensure that they iuentfy the
target market so as to make as many sales as possible.



 Age is one of the segmentatons that all businesses must know
before prouucing the prouuct. An example of using age
segmentaton woulu be a wheelchair for eluerly people anu for
uisableu people. The wheelchair is maue in a way that it has big
wheels anu a seat. Therefore, uisableu people are not requireu to
stanu up anu they can move arounu. The wheelchair woulu have
aluminum hanu rims, four wheels, sof seat anu strong frame.
Younger people will be less likely to buy that prouuct, as they are
more likely to be able to walk. As a consequence of that, these
prouucts will be targeteu more at eluerly people.


 Genuer is another example of segmentaton, that all businesses
must think of. An example of the genuer segmentaton woulu
be clothes. An item of clothes will be specifcally uesigneu for
uifferent age groups anu uifferent genuers. eowever, there are
not that many clothes that can be worn by a man anu woman.
For example, Ralph Lauren prouuces uifferent clothes for
women anu men anu so will use uifferent auverts.

(B2B)

 Locaton is also an example of segmentaton. For
example, in hot countries all shops must make sure that
they have air conuitoning anu colu water. Therefore,
the climate uepenus on the locaton anu businesses
selling air conuitoning will target other businesses in
hot places. eowever, if the place is colu then the
conuitons of the store must be completely uifferent.
The company will target other businesses with heatng
systems. If a company wants to sell air conuitoning,
then the target of the business woulu be selling goous
in the hoter climates. An example of a business can be
founu here: (htp:00www.airconco.com0?gcliu=Cj3KEQiAsP-
0BRCFl4Lb0NTJtEBEiQAmj0tbeMUNrjL3QnqUaa33IY1t4jlrt38URcwzuOfSzeT6IaAgKy8P8eAQ).

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller chernatdaniil. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $3.41. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$3.41
  • (1)
Add to cart
Added