Question: Segmentation, targeting, and positioning ( STP ) form the foundation for a company s entire marketing plan all strategies must align with these components so

Segmentation, targeting, and positioning (STP) form the foundation for a companys entire marketing plan all strategies must align with these components so clearly defining them is critical to the companys success. Part A: Describe 3 worthwhile (existing or new) consumer segments for your chosen company/product, using multiple segmentation variables for each segment. Maximum 1 page single-spaced, either point-form or brief paragraphs. Part B: Choose 1 segment from Part A that you would target, and justify your choice. Maximum 2 paragraphs single-spaced. Part C: Write a positioning statement for your chosen company/product, targeted to your chosen segment from Part B. Maximum 1 paragraph single-spaced (but if you are efficient, one sentence could suffice)

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