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Note on Low-Tech Marketing Math

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Alvin Toffler is known for his works discussing the digital revolution. A former associate editor of Fortune magazine, his early work focused on technology and its impact. Accenture has dubbed him the third most influential voice among business leaders, after Bill Gates and Peter Drucker. John Romero is a game designer, programmer, and developer in the video game industry. He is best known as a co founder of id Software and was the lead designer for many of their personal computer games including Wolfenstein 3D, Doom, and Quake.

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**important**

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Demographics easy to measure; easy to obtain

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**important**

Market Segmentation – Identify and profile distinct groups of buyers who differ in their needs and wants. Market Targeting – Select one or more market segments to enter. Market Positioning – For each target segment, establish and communicate the distinctive benefit(s) of the company’s market offering.

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A market segment consists of a group of customers who share a similar set of needs and wants. Major segmentation variables are: • Geographic, • Demographic • Psychographic • Behavioral

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Geographic segmentation divides the market by nations, states, regions, counties, cities, or neighborhoods. Nielsen Claritas developed PRIZM NE, a geoclustering approach that combines geographic data with demographic data that yields richer descriptions of consumers and neighborhoods. The groupings take into consideration 39 factors from 5 broad categories: (1) education and affluence, (2) family life cycle, (3) urbanization, (4) race and ethnicity, and (5) mobility. Inhabitants in a cluster tend to lead similar lives, drive similar cars, have similar jobs, and read similar magazines.

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Geographic segmentation divides the market by nations, states, regions, counties, cities, or

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