Part 1The creation of useful segments for Cialis in relation to the most relevant dimensions comes from examining the demographic area that contains:
1. Education
2. Marital Status
3. Age
4. Income
5. Occupation/Life Stage (Retired/Employed, Student)
The other area to examine is psychographic meaning values and usage patterns. Why examine demographics like age? Age presents a strong and positive association with erectile dysfunction (ED) occurrence. The demographic data presents men suffering from ED as either living together with their romantic interest or married. The motivation then, to stop suffering from ED becomes clear and thus shows age as a vital dimension for the study.
When considering income and education, it permits an exploration of various purchasing powers. Along with buying power, one can explore the different perceptions of people as well as sense the product. In relation to usage patterns, the potentially best means of ungrouping would-be customers is to consider the study’s 3 groups. They are: Viagra dropouts, Viagra current users, and never used Viagra. These 3 groups can help create a most effective means of approaching various kinds of customers.
Determining 3 important segments to increase focus and relevancy to Cialis means restricting analysis to men with ED. These then become:
1. Young Adults: Young adults are categorized as people between the ages of 20-30. Most are still single and may be allocated to the group ‘never used Viagra’. The majority demonstrate high levels of education or just entering the workplace. This means many do not have much income and the ones that do have substantial income will be saving it/investing it. Values for this group would be: wonder, pleasure, independence, sensuality, energy, and open-mindedness.
2. The next segment is stable husbands. These people belong in age range of 30-65 and can be described as men with long-lasting relationships with their partners as either living together or married. They often have significant levels of education, are reliably employed, and have amazed a medium to high quantity of savings due to higher levels of stable income. Some within this group can be Viagra current users or Viagra dropouts. Values for this group would be: family, success, credibility, stability, and competence.
3. The third group is retired seniors. People within the group are 65 years old and above. The majority of men in this group live with their partner for several years and have constructed a strong relationship. They often have medium to high levels of education and are retired. Although their income may be fixed, they may have collected a high number of savings and are more incline to spend. This group includes Viagra current...
Marketing Considerations Marketing in the biotechnology industry is critically important. The basic path to market involves receiving regulatory approval for products. From there, marketing is conducted to physicians directly, necessitating a relatively large sales force. The presence of competing treatments necessitates significant investment marketing, compounded by the impact of the need to recoup the sunk costs associated with product development. In addition, marketing in the biotechnology industry is strictly regulated by
The other considerations weight more heavily. There are likely some cost savings due to economies of scale, although that would be difficult to test for in a product such as Viagra, which has enjoyed strong sales its entire existence, and for which specific production cost data is unavailable. With respect to Viagra, Pfizer is operating in a constant returns to scale environment. The market for Viagra has been slow growing
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