Consumer and Market Analysis Assignment

MMIP – Consumer Analysis, Market Segmentation, and Market Coverage
Module 3– Consumer Analysis, Market Segmentation, and Market Coverage (Chapters 6-9)
Q1. Describe and discuss the cultural, social, personal, and psychological factors that influence the purchase of the product/service. (Ch. 6)
Q2. Explain the needs that are met for each of the firm’s target markets. (Ch. 6)
Q3. Explain how potential global markets will be evaluated for potential entry. Discuss the most likely mode or modes of global market entry (Ch. 8)
Q4. Describe the variables (demographic, psychographic, and behavioral) used to segment the firm’s target markets. Explain how the firm evaluates the attractiveness of each identified market segment. (Ch. 9)
Q5. Should the firm pursue full market coverage, multiple segment specialization, single-segment concentration, or individual marketing? (Choose one and omit the others) (Ch. 9)

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