4. A market is made up of individual consumers willing to
purchase a particular item at a particular price
5. Market analysis seeks to examine the market demand in
relation to prices and product offerings.
It uses consumer demographics/segmentation/target market
and buying habits to identify trends
6. Apple Inc. made more
money this weekend
than BlackBerry will sell
for!!
7. Rituals Coffee House is one of the fasting growing and widely
recognized coffee shops in the Caribbean
Unique products, décor and ambience set them apart from
all the competitors.
8. Rituals started out with five per cent of his restaurants group
sales. Today, it accounts for between 54-55 per cent of all
income!!
11. Rituals uses top of the line products.
Product Consistency
Zero Defects
Service Oriented
Ambience
High Variety
Distribution
Location
Regional placement
12. The IT segment
The Printed Media segment
The Food segment
Marketing and Advertising segment
13.
14. Measured by:
Number of consumers in market for your product or related
products
Combined money spent on related good and services
Number of units of relevant products bought annually
Make growth predictions based on historical data
15. What socio-economic factors are at work to help/hinder
(PESTEL)?
Not enough to make prediction based on research alone
Ideally want hard evidence, through purchase orders or
prototype test
16. What demographic (who), geographic (where) and behavioral
(how) factors are pointing to your target market growing and
your expansion?