Marketing Management Assignment: Targeting
Context/overview: During Week 1 you invented a product. This week you will target and position your product.
Write a 3-5 page paper stating your USP - unique selling proposition. Explain market segmentation or anything else that would help target your consumers and position your product for success in the marketplace.
Your target market section should address the following:
• Describe your target market, whether a business or consumer market, using segmentation variables. These include the use of demographics, psychographics, geodemographic, geographies, behavioral segments, or other segmentation criteria.
• Describe your rationale for selecting the target markets that you did. State why these markets are attractive to you as a marketer.
• Describe the market in terms of its anticipated growth, revenue opportunities, past performance, etc. Utilize our author's criteria for segmentation to demonstrate that your target markets suggest the likelihood of success-the market needs to be identifiable, measurable, sustainable, accessible, and reachable.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.