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Good Morning Year 10 Sit down – Seating Plan

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Presentation on theme: "Good Morning Year 10 Sit down – Seating Plan"— Presentation transcript:

1 Good Morning Year 10 Sit down – Seating Plan
Do not log answer these questions Thank you How can you obtain quantitative information about a market/product? Explain the difference between primary and secondary research What is Market Research?

2 Lesson Objectives To be able to identify customers.
To understand the types of customers that are being targeted. To understand the position of a business in order to spot a gap in the market.

3 KEYWORDS MARKET MAPPING TARGET CUSTOMERS CUSTOMER SEGMENTATION
SOCIO-ECONOMIC GROUPS PRICE SENSITIVE MARKET MAP GAP IN THE MARKET

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7 Activity One 20 mins Yell.com
Identify 20 businesses in Swadlincote and write down what type of customers each business would have – age, gender, income, area, religious group, interests

8 Market Mapping

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10 Activity Two – in pairs 10 mins
Shuffle Nano Ipod Classic Itouch Iphone 10 mins Describe the customers for the range ipods. Identify the different ipod products on the market map

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12 Activity Two Over to you – Kenderick King Case Study pages 18/19
Answer questions in your exercise books – Title Chapter 3 Market Mapping Try the Multiple Choice Questions

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14 What did we learn? To be able to identify customers.
To understand the types of customers that are being targeted. To understand the position of a business in order to spot a gap in the market. Who are the customers of local businesses? Which customers are being targeted by different ipod products? How do you spot a gap in the market?

15 Homework Workbook pages on Market Mapping


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