University of the Cumberlands Market Segmentation and Targeting Paper

1. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.

a.

i. Define segmentation and describe its importance.

ii. Explain the concept of targeting and understand its importance.

iii. Understand the concept of positioning and its importance.

Also, provide a graduate-level response to each of the following questions:

b. This question gives you more market sizing practice (it’s a skill you’ll need). Using the logic from the chapter, try to estimate the possible market for the number of pairs of football pants a manufacturer could sell in your city. Hints:

i. Go online and find the number of high schools in your city’s school districts. If you live in a large city, focus on only the largest school district.

ii. Assume that 90% of those high schools have both a varsity football team (with 40 players) and a junior varsity team (35).

iii. Assume also that each player gets 2 pairs of game pants (one in the dark school colors, and one in the light), and on average, 1.5 pairs of white pants for practice

c. Should a firm change its positioning depending on the market? What are the potential advantages and disadvantages of doing this?

d. Why do you think market segmentation is important and what impact could it have on a company? Does a successful company need to segment at all? Identify four different products that represent market segmentation based on demographic, geographic, psychological, and behavioral features and discuss how each product’s advertising reflects this segmentation.

post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced).

Please refer to this textbox: Iacobucci, D. (2018). Marketing management. 5th ed. Cengage Learning

Note : no plagiarism please