Wednesday, December 12, 2012
Target Market Strategy
A marketing strategy consists of specific strategies for target markets, positioning, the marketing mix, and marketing expenditure levels."(2 Company and Marketing Strategy Partnering to ... ; Marketing: An Introduction; Armstrong/Kotler; pg 33). For Merken Jerky, our target audience is both male and females above 21. Anybody that enjoys having a drink after work, or drinking off a hard day with their friends, will enjoy some tangy, spicy, Incan inspired merken jerky to keep their stomaches full which will keep their glasses fuller "After a company has defined market segments, it can enter one or many of these segments. Market targeting involves evaluating each market segment’s attractiveness and selecting one or more segments to enter. A company should target segments in which it can profitably generate the greatest customer value and sustain it over time" (Marketing: An Introduction; Armstrong/Kotler pg 50).
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