Question: Conduct a consumer analysis for your product. a) Identify the consumers who are most likely to buy your product - the primary target market- in

Conduct a consumer analysis for your product.

  1. a) Identify the consumers who are most likely to buy your product - the primary target market- in terms of:
  • Segmentation Variables - Demographic , Geographic, Psychographic, and/or Behavioristic characteristics. For each, be specific. If you use "Demographic", for example, specify which variables within the Demographic category, such as age, gender, income, etc..
  • any other characteristics you believe are important
  1. b) Describe:
    • the main points of difference of your product for this group
    • what problem your product helps solve for the consumer, in terms of the first stage in the consumer purchase decision process.

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