The company must first decide who it
will serve. It does this by dividing the market into segments of customers
(market segmentation) and selecting which segments it will go after (target
marketing). Marketing: An Introduction, pg 9. I plan to target bar goers of all sorts. Whether you go
to the bar every now and then or the bar is practically your second home, we
want to serve you! To design a winning marketing
strategy, the marketing manager must answer two important questions: What
customers will we serve (what’s our target market)? and How can we serve these
customers best (what’s our value proposition)? Marketing: An Introduction, pg 9
We already discussed who
we will be serving, but how can we do our best to serve them? Customers are always
welcome to give feedback on products and we will make the proper adjustments
needed to give our customers the best tasting products we can serve.
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