Monday, December 3, 2012
CHAPTER 8: SEGMENTING AND TARGETING MARKETS
M.A.C. Cosmetics caters to its target market by offering products at affordable
prices for all ages, sexes, races, and socio-economic groups. Their
target market or target audience is the market segment which their products are
marketed to globally. M.A.C.’s market segmenting is the process in which the
intended actual markets are defined, analyzed and evaluated just before the
final decision is made. M.A.C. targets its market, with their
strategic approach of creating a marketing mix for a specific market
segment and potential buyers. Hence, the company’s continuous rising success. M.A.C.’s target market adheres to the company's promotion, pricing
and distribution of M.A.C.’s products and services. Target marketing provides a focus to all of M.A.C.’s marketing
activities. M.A.C. Cosmetics uses
demographic information as the basis to target their market within the ages of 18-49 because it helps them meet the needs of their consumers of age, gender, income, ethnic
background and family cycle
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