week 3 Discussion
For this week’s discussion, please respond to the following:
· Describe the target market for your chosen company, whether it's based the snack food company scenario or a start-up company of your choosing. Be sure to include the following:
. Demographic Description: Age, income range, gender, family size, education, occupation, et cetera.
1. Example: A likely user for X product is a male aged 25–34 who earns between $35,000 and $55,000 per year and has a four-year college degree.
. Geographic Description: Area you would like to serve, density (urban, rural), nature of location (mall, business center, et cetera), climate condition.
2. Example: Atlanta.
. Lifestyle Description: Where do your customers shop, what do they do for leisure, what kind of clothes do they wear, what type of cars do they drive, et cetera?
. Psychographic Description: How would you describe your target market, for example, socially responsible, trendsetters, or fun-seeking?
. Purchasing Pattern Description: How will your target market use the product, how many times will they buy it, where do they buy the product, how do they pay for it, et cetera?
. Buying Sensitivities Description: What factors are important to the customer before they buy (price, quality, customer service. packaging, et cetera)?
· You will revise this week’s discussion post as part of your work on the Week 5 assignment, Marketing Plan and Budget.
Note: Start your response with a brief description of your business (no more than 3 sentences). Specify your company name, what business you are in, and the specific product or service you plan to sell.