. Which of the three income groups had the largest increase in gym membership from 2015...
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. Which of the three income groups had the largest increase in gym membership from 2015 to 2017? If this was expressed in terms of percentage increase, which income group experienced the largest increase from 2015 to 2017? . Which of the three gyms had the largest market share in 2015? In 2017? •From 2015 to 2017, does it appear that LA Fitness, 24 Hour Fitness, and Planet Fitness comprise a greater or lesser share of the total gym membership market? Why? All HHI <$40,000 HHI $40,000- $74,999 HH $75,000+ Men Women Bought Fast Food 2015 217.7 223,9 66.9 59.7 91.1 105.2 112.5 2017 2015 64,3 57.6 102.0 Spent More Than $100 on FF 116.9 43.0 8.4 12.2 107.0 23.2 All numbers reported in millions (000,000s) Sourg 2015 and Spring 2017 GKA 22.5 19.8 2017 27.2 5.3 6.7 15.1 15.2 11.9 Member of Gym 2015 53.8 10.0 14.0 29.8 26.9 26.9 2017 56.8 8.8 13.4 27,8 29.0 LA Fitness 4 2015 4.3 0.7 1.1 2017 5.5 0.8 1.2 34.6 2.6 3.6 2.6 2.0 2.2 Planet Fitness 2015 5.9 1.5 1.9 2.3 3.3 3.3 2.7 6.7 2017 2015 1.6 1.7 3,4 2.9 3.7 24 Hour Fitness 4.7 0.8 1.3 6 1.9 2.9 2017 4.0 0.6 0.9 2.5 2.0 2.0 1. Compare the membership trends among LA Fitness, 24 Hour Fitness, and Planet Fitness. Are membership trends similar or different across genders and income groups? Consider the different marketing mixes of the three gyms, what do you think may account for the differences in membership trends? (Tip: You can use a tool like Google News to search for news articles about each gym in 2015 or 2017.) 2. Your friend told you that he envisions his gym being a place where people who are intimidated" about going to the gym will feel safe and empowered to work out. Assuming this aspect of your friend's gym is going to be part of his positioning, which of the three competing gyms would you consider to be his most serious competitor? Why? 3. Which income group has experienced the greatest increase in fast food spending from 2015 to 2017? Do you think this information is relevant for your friend when thinking about the marketing mix of his gym? Why or why not? . Which of the three income groups had the largest increase in gym membership from 2015 to 2017? If this was expressed in terms of percentage increase, which income group experienced the largest increase from 2015 to 2017? . Which of the three gyms had the largest market share in 2015? In 2017? •From 2015 to 2017, does it appear that LA Fitness, 24 Hour Fitness, and Planet Fitness comprise a greater or lesser share of the total gym membership market? Why? All HHI <$40,000 HHI $40,000- $74,999 HH $75,000+ Men Women Bought Fast Food 2015 217.7 223,9 66.9 59.7 91.1 105.2 112.5 2017 2015 64,3 57.6 102.0 Spent More Than $100 on FF 116.9 43.0 8.4 12.2 107.0 23.2 All numbers reported in millions (000,000s) Sourg 2015 and Spring 2017 GKA 22.5 19.8 2017 27.2 5.3 6.7 15.1 15.2 11.9 Member of Gym 2015 53.8 10.0 14.0 29.8 26.9 26.9 2017 56.8 8.8 13.4 27,8 29.0 LA Fitness 4 2015 4.3 0.7 1.1 2017 5.5 0.8 1.2 34.6 2.6 3.6 2.6 2.0 2.2 Planet Fitness 2015 5.9 1.5 1.9 2.3 3.3 3.3 2.7 6.7 2017 2015 1.6 1.7 3,4 2.9 3.7 24 Hour Fitness 4.7 0.8 1.3 6 1.9 2.9 2017 4.0 0.6 0.9 2.5 2.0 2.0 1. Compare the membership trends among LA Fitness, 24 Hour Fitness, and Planet Fitness. Are membership trends similar or different across genders and income groups? Consider the different marketing mixes of the three gyms, what do you think may account for the differences in membership trends? (Tip: You can use a tool like Google News to search for news articles about each gym in 2015 or 2017.) 2. Your friend told you that he envisions his gym being a place where people who are intimidated" about going to the gym will feel safe and empowered to work out. Assuming this aspect of your friend's gym is going to be part of his positioning, which of the three competing gyms would you consider to be his most serious competitor? Why? 3. Which income group has experienced the greatest increase in fast food spending from 2015 to 2017? Do you think this information is relevant for your friend when thinking about the marketing mix of his gym? Why or why not?
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Planet Fitness had the largest market share in 2015 and 2017 Here is a breakdown of the marke... View the full answer
Related Book For
Introductory Financial Accounting for Business
ISBN: 978-1260299441
1st edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date:
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