Market segmentation

Instructions Assignment Directions: Objective: The goal of this assignment is to help you understand and apply the concept of market segmentation by analyzing the target market characteristics of a brand of your choice. When creating a target market profile, a common mistake is making it too broadtrying to include everyone instead of focusing on a specific group. Yes, big brands like Nike or Apple serve multiple audiences, but for this assignment, thats not what were asking you to do. We want you to create one clear, highly detailed profile of a single target audiencejust like a real marketer would when crafting a campaign. Think about who they are, what they care about, and why they buy. The more specific, the better. A well-defined target market doesnt exclude anyone else from buying your product; it just sharpens the focus on who youre trying to reach for specific campaigns. In reality, big companies have multiple target audience profiles, but for this assignment, were asking you to develop just one potential market segment. This is important because professional marketers need to identify advertising and promotional outlets that align with a specific target audienceand if the profile is too broad, that becomes nearly impossible. Use at least 2 market research resources to help you gather information and fill out the chart below. Instructions: Select a Brand: Choose a brand from one of the following categories: Food brand Clothing company Technology company Automobile company Airline company Describe the Brand: Write a 12 paragraph description of your chosen brand. Highlight its products or services, key history or milestones, and any unique qualities that make it stand out in the market. Complete the Chart: Create a chart in Word or Excel similar to the one below to identify and describe the market segmentation characteristics of the chosen brand. Fill in each section with relevant information based on your analysis of the brands target market. Use market research. Segmentation Type Enter Your Brand Name Here Demographics Psychographics Geographics Behavioral Characteristics Conduct a Brief Analysis: Write a brief analysis explaining how the identified characteristics of the target market can influence the brands marketing strategy. Submission Instructions: Please use: APA formatting using a cover page, 1-2 content page(s) and reference page. Word document. Include the above chart for your chosen brand in your paper. Cover page Content page Content page References