Elements of a Marketing Strategy - Marketing Campaign Planning - ثالث ثانوي

3.1 Elements of a Marketing Strategy

A billboard advertisement created by an international hotel chain on display in Riyadh, Saudi Arabia

Marketing Strategies

3.1 Elements of a Marketing Strategy

What does the adver- tisement tell you about intemational companies' perceptions of Saudi consumers?

CH A P T E R LE S S O N S Elements of a Marketing Strategy

3.1 Elements of a Marketing Strategy

Elements of a Marketing Strategy

MARKETING MATTERS Businesses are only able to create commercial exchange relationships with their customers if they have devised and implemented a marketing strategy for those customers

Make a list ofthe personal characteristics you have which would be of interest to a company that wants to sell its products or services to you

How do you think marketers can use people’s personal characteristics to help inform their marketing strategies

What factors do you think are important to a company when it’s deciding which group of people to sell its products or services to

3.1 Elements of a Marketing Strategy

Developing a Marketing Strategy

Start with a Market

What challenges do companies that make or sell high-value items face as they try to sell as many of their products as possible?

3.1 Elements of a Marketing Strategy

Segmenting Factors

3.1 Elements of a Marketing Strategy

Niche Marketing

Marketers start with the needs and wants of consumers when they divide markets into segments. People in a market segment share one or more common need or want

3.1 Elements of a Marketing Strategy

MARKETING SCENARIO Marketing a grocery delivery service to a niche group in Saudi Arabia

In what way is marketing the delivery service to this group an example of niche marketing

What are the characteristics of the delivery service's target group

What is the want that consumers have in this situation

What is the need that the company founders identified

3.1 Elements of a Marketing Strategy

What do companies gather information about when they want to find out more about consumer buying behavior

What are some examples of psychographic characteristics

What factors do marketers use to help them segment a market

What is the first step that businesses take when they want to develop a marketing strategy

Selecting Target Markets

3.1 Elements of a Marketing Strategy

Stable

What examples of products and services can you think of which are marketed at a group of people that share your own personal characteristics? In your opinion, how effective are the marketing

Summarize the four criteria that a target market must fulfill for a company to know that it will be effective as a target market

3.1 Elements of a Marketing Strategy

Define the term target market

Name four demographic factors used to segment a market

Why are people's needs and wants an important basis for identifying market segments

Make Academic Connections Technology

Connect to the Real World You are a consultant working for a company that produces highvalue luxury cheeses