Question: Answer the questions (below) based on your prior knowledge about different segmentation methods (e.g., demographic, geographic, psychographic [lifestyle], benefit-based), different targeting strategies (e.g. undifferentiated and
Answer the questions (below) based on your prior knowledge about different segmentation methods (e.g., demographic, geographic, psychographic [lifestyle], benefit-based), different targeting strategies (e.g. undifferentiated and differentiated), as well as Positioning strategies using consumers perceived values and attributes in comparison to the competition.
- Identify and describe all of the segmentation methods that Vans would have at its disposal to determine potential buyers for its new outdoor shoe
- Identify and describe all the potential targeting strategies that Nike would have at its disposal for its new outdoor shoe.
- Write a positioning proposal/statement that would be best suited for this new product launch. Make sure it incorporates the four components of a value proposition (target market, offering name or brand, product/service category or concept, and unique point of difference/benefits).
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