Marketing research is a critical component of any successful business strategy. It’s the systematic process of gathering, analyzing, and interpreting information about a market, including its consumers, competitors, and industry trends. In this article, we will explore the fascinating world of marketing research through 11 real-world examples that showcase its diverse applications and significance in…
In today’s cutthroat business landscape, where competition is fierce and attention spans are fleeting, effective communication stands as the bedrock of building a robust brand presence and forging connections with target audiences. One approach that has gained significant importance in recent years is Integrated Marketing Communication (IMC). By integrating various communication channels and messages, IMC…
Market segmentation is a crucial strategy that helps businesses effectively target and cater to specific customer groups with unique needs and preferences. By dividing the market into distinct segments, companies can tailor their marketing efforts and offerings, leading to improved customer satisfaction and higher profitability. I. Introduction A. Definition of Market Segmentation Market segmentation refers…