Question: This key section is to analyze the LVMH ( Louis Vuitton, Moet, Hennessy ) company's end users. The primary focus is to understand who (
This key section is to analyze the LVMH Louis Vuitton, Moet, Hennessy company's end users. The primary focus is to understand who consumers buy your selected firm products and how the whoconsumers buys affects your selected firm channel strategy. Clearly identify LVMHs end users, segmentation, and target market in terms of the consumers who are most likely to buy their products or services. It must include as much detailed information and go into depth about LVMHs enduser.
When a firm develops a marketing channel strategy, they start with the endusers; it is the enduser who holds the power of the purse Therefore, firms need to know the nature of enduser demands, and not only what endusers want to consume, but rather how they want to buy and use the products or services being purchased.
Therefore, the analysis must include as much detailed information and go into depth with information such as
Name of each segment to capture its identifying characteristics
Who they are
Age, income
Geographical locations
Specific target population size
End users decision about where or from whom they purchase a product or service depends not just, on what the enduser is buying but also on how the end user wants to buy
Describe how the product or service can be bought is called service outputs. Formally, service outputs are the productive outputs of the marketing channel; over which endusers exert demand and preference influences
What motives end users to buy
Psychographics lifestyles, which include consumers activities, interests, opinions, etc.
Which channel benefits enduser value most
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