Want us to write one just for you? What is a target market example? Therefore , the market shared for KFC falls under status quo. KFC provides different combo offers to its customers and also provide an option to its customer to make the combo of their own choice. At this time, KFC is one of the places they can choose. Home — Essay Samples — Business — Kfc — The Target Audience Of KFC. KFC has items in its menu that cater to adults as well as the young audience. The main target customer for McDonald's includes parents with young children, young children, business customers, and teenagers. But brands all have a deep-seated vision, which marketers should dust off and use to inspire their approach to innovating for, and engaging with, consumers. To meet its goals, KFC has developed a roadmap that includes partnering with major suppliers and franchisees globally to identify plastic alternatives in each market. The target is focus on everyone in a society. KFC follows both optional pricing and mixed bundling pricing.A consumer can buy dishes from the basic menu and go for add-ons (Optional pricing) and there are combo offers which comprise a mix of items. Moreover, KFC has the family set for a family. However, in recent times, following McDonalds example, KFC has started localising its menu, giving it better acceptability in the market… The company has set certain limitations when it comes to target marketing. For the teenager, they like to have their lunch or dinner outside with their friend. Perhaps the most obvious marketing for McDonald's is its' marketing towards children and the parents of young children. Their angst is now actionable and immediate thanks to the web. 2021 © gradesfixer.com. With the identification of two target segments but profitable segments KFC is practicing a niche market strategy. The target audience of KFC is middle and upper middle class and price their products accordingly. In KFC’s case, customers can buy the main items present in their menu and can then opt for “extras” or “sides” like drinks or desserts which go well with the main item that they purchased. Even though the KFC is 90+ years old, but still it has managed to keep the vibe of a  young brand intact. The target audience of KFC is the people like to eat the fried chicken. Usually no age restriction focuses by the KEF. We’ve got you covered. Copyright © 2018 Heart of Codes — Escapade WordPress theme by. Pssst… Optional ‘extras‘ increase the overall price of the product or service. we can write an original essay just for you. After the analysis, KFC has chosen “Family members” as their major target customers, whereas the teenagers have been the main targets of the promotion strategies, because KFC believes that the teenagers are more eager to accept new and western style fast food. They can hold a birthday party in KFC and also invites people to the birthday party. KFC’s Super Jimat Box is popular so that to attract more customer to buy it, KFC launch the Super Jimat Box range to five value boxes (2016). KFC – An American fast food brand is the second largest brand after Mcdonalds. The target market of KfC. Understand the Marketing Mix of BMW and what makes it different from its competitors. They like constantly looking for variety and new tastes of the food. Order Takeaway, Just Eat or Deliveroo. KFC (Kentucky Fried chicken) uses demographic segmentation to serve the market as per the customer needs & wants. Market segments for KFC Restaurants The market segments are basically divided by 4 groups: Children KFC targets children boys and girls with age 12 below who love to eat fried chicken. KFC, LTD. analysts consensus, targets, ratings and recommendations | Tokyo Stock Exchange: 3420 | Tokyo Stock Exchange Most products of KFC are priced highly and majorly target the major class and middle class individuals. KFC’s main customers are between 4-45 years old. Thus giving the opportunity to increase its sales volume and revenue. The consumers of KFC are the young as well as young adults.It used to serve the same menu all around the world which means that it was using undifferentiated targeting strategy. KFC’s UK CMO believes its response to the chicken crisis is a testament to the strength of its relationship with agency Mother and shows a brand that is confident in its identity and place in a modernising fast food market. Students who find writing to be a difficult task. KFC has the set is suitable for the lower income community to come to consume. ... Coca-Cola, KFC, Under Armour: Marketing Week’s biggest news stories of 2020 Matt Barker. KFC Super Jimat Box allows customers to get more for less. Each box comes with chicken, french fries, and soft drink. KFC generates its revenue through the different franchisees it has opened up in the different countries. To export a reference to this article please select a referencing style below: Sorry, copying is not allowed on our website. Understand the Marketing Mix of Google and its 4ps of Marketing Mix. Audiences are more polarised than ever and much quicker to proclaim moral outrage. Among the scandalised in this context, the significant majority are vegetarians and vegans—hardly KFC’s target market. KFC is on the the lookout for over 500 sites. For the teenager, they like to have their lunch or dinner outside with their friend. They prefer having their lunch, or dinner at KFC this is because KFC can satisfy their need and want. KFC Positioning: KFC offers the best chicken burgers at affordable prices. The target audience of KFC is middle and upper middle class and price their products accordingly. KFC also provide games price and kid’s door gift. KEF divides he market on demographic basis in age that is between 6- 65. The chain plans to make all plastic consumer packaging recoverable or reusable by 2025. By clicking “Send”, you agree to our Terms of service and Privacy statement. In serving the chosen market of the brand all the advertisement will emphasize the value of “relationship”- it’s either with family or with friends serving in a bucket is streetwise decision. KFC target market includes both Non-vegetarian and Vegetarian customer segments. Choose to dine in or takeaway. GradesFixer. However, the company has introduced economy foods whose prices are relatively low … Demographic Segmentation The market is divided into groups based on an age, gender, household size, income, occupation, religion, race and nationality in demographic segmentation. In the USA  KFC offers different types of Chicken sandwiches which is not available in other countries. KFC’s food people can enjoy it as an environment for family or social gatherings. What is Marketing Mix of Apple and how it’s helping in creating worlds most valuable brand? The company derives segments by demography, geography, behavioural and psychographic elements (Crittenden, Crittenden and Pierpont 2015, 613). KFC provides the different type of the set meal to let the customer choose, and the price is affordable for them. to ~675 Rs. The end result is that the customer ends up paying for the main item that he/she wanted to buy and also for the add-ons. Target Market The outlets of KFC are in luxury district and the prices are too expensive such as overhead expenses rent, air conditioning, employees. KFC has variety of options in each category, For e.g. Optional Pricing: Optional pricing is basically used by companies to attempt to increase the amount customers spend once they start to buy. So, KFC target supper and middle classes. Target Market The outlets of KFC are in luxury district and the prices are too expensive such as overhead expenses rent, air conditioning, employees. Attention! There are different pricing strategies that KFC uses for its products and its variants. Defending Chicken Handling By KFC Corporation Essay, Why Mcdonald And KFC Are Preferred By Drive-Thru Customers Essay, An Examination Of The Current Drift In KFC Company's Policy Essay, Analysis The Disruptive Technology In The Food Industry On The Example Of Kfc Essay, Success Story of Colonel Harland David Sanders (founder of Kfc) Essay, Suhas Gopinath: Ceo & President Globals Inc Essay. KFC brings a lot of convenience to people, and their service is good because they serve the food fast. If you fit this description, you can use our free essay samples to generate ideas, get inspired and figure out a title or outline for your paper. This is not an example of the work written by professional essay writers. The package inside has much food such as the chicken, nugget, whipped potato, coleslaw, french fries, cheezy wedges, soft drink. Each box offers abundance and variety at prices that start as low as the RM8.95 net. Over the years the brand has grown leaps and bounds and has given Mcdonalds tough competition on every front. There are different pricing strategies that KFC uses for its products and its variants. KFC has set certain guardrails for all its franchisees covering the degree of food quality and store cleanliness they have to maintain so as to run their store under their brand name: Below is a pictorial diagram of the KFC business model canvas, explaining different blocks which form the KFC Business model. Gender and Age Small businesses often target customers by gender or age. KFC competitive advantage has been its ability to adapt to the changing time and needs to customers. KFC’s secret recipe of it’s fried chicken having a blend of 11 herbs and spices has been the driving force for all these years. Enjoy Prezzo italian including pasta and pizza express to you door! 2020 Feb 26 [cited 2021 Jan 2]. Let’s see what factors have attributed to KFC’s success all these years. With the discount given the allowance are enough for them to consume a meal. Most of the target marketing is geared towards young people, but some advertising is tailored for older people. So, KFC target supper and middle classes. KFC mainly uses geographic market segmentation for its products and offerings: Geographic segmentation divides markets according to geographic criteria. KFC’s food people can enjoy it as an environment for family or social gatherings. The franchisor will provide the model help and other items as they deem necessary. Available from: https://gradesfixer.com/free-essay-examples/the-target-audience-of-kfc/, Recieve 100% plagiarism-Free paper just for 4.99$ on email, *Public papers are open and may contain not unique content. Asking whether purpose will increase market share is the wrong question. On the other hand, KFC main focus on the urban area citizen because most of the employee they are in rush to work. We will occasionally send you account related emails. Example: KFC offers Veg Rice Bowl in India just to cater to the vegetarian customers in India. All rights reserved Gradesfixer ™, The Target Audience Of KFC [Internet]. The parent can choose the package that they want. The target audience of KFC is the people like to eat the fried chicken. This essay has been submitted by a student. The food on our menu is prepared fresh every day, so you won't find 'sell by' dates on our fresh sandwiches and salads. The employee prefers to go to KFC because of convenience they can get the food faster and no need to wait for the food too much time. Coca-Cola has no specific target market, according to MarketMixx.com. KFC SWOT Analysis; KFC Strengths: Below are the Strengths in the SWOT Analysis of KFC: 1.KFC is a hugely popular brand name in … We provide you with original essay samples, perfect formatting and styling. Check out the marketing mix of Nestle and understand their 4ps of the marketing mix. Location Hectic lifestyle of personal that let them more time at work … The target audience of KFC is middle and upper middle class and price their products accordingly. It’s lunchtime and everybody is attacking KFC for their little lunches, tens of people are ordering chicken and rice and the mature worker cannot answer to all the requests of chicken and rice. To make the KFC brand more impactful, personifying the brand message to make it more appealing to target market (working adults) - which is associated with. For example, a women's clothing retailer directs its promotional efforts at women. Find out about the services in McDonald's restaurants and on the go, including delivery, mobile ordering, table service and free Wifi. On October 27, 2020 By Balmoon. Your email address will not be published. Kfc Target Market Australia. You can order Unique paper and our professionals Rewrite it for you. Founded by Colonel Harland Sanders, in the year 1930, KFC has around 20,000+ stores globally in 123 + countries. Target Market The outlets of KFC are in luxury district and the prices are too expensive such as overhead expenses rent, air conditioning, employees. At the same time also targets children who love to get free … Optional Pricing: Optional pricing is basically used by companies to attempt to increase the amount customers spend once they start to buy. KFC commercials basically based on young generations, so, the young generation is the target market of KFC because they want to represent KFC with youth and energy but they also consider about the old people they take then as a co-target market. : In other words, each franchise is actually an independent business but follows the method of operation of the franchise. Price in the Marketing mix of KFC. MUMBAI: KFC has come a long way since being pelted with stones on its debut in 1995, having emerged as Yum! KFC breaks its business into different geographical segments like. They are seen as impulsive eaters as long as they hungry they eat. Each franchise will pay a fee based on a turnover to the master franchisor. The averdate sector pursuit own been looking ce transmute which KEF subscription In their collocate of stable subsistence. By continuing we’ll assume you board with our cookie policy. Below are three factors that are essential for evaluating a KFC target market. Optional Pricing: Optional pricing is basically used by companies to attempt to increase the amount customers spend once they start to buy. Understanding the Positioning and Business Model of KFC. Over the years the brand wanted itself to be perceived as a family restaurant and has been running campaigns communicating the same. Doc Marketing Mix Kfc Rubel Miah Academia Edu. If you’d like this or any other sample, we’ll happily email it to you. Each package has a different kind of food. The KFC team targets lunchtime and adding rice is a great trick for appealing everyday workers near KFC stores. We can custom edit this essay into an original, 100% plagiarism free essay. Target market is depending on size and growth rate of population, company resources and structural attraction of market segment. Coca … They have been reasonably successful in identifying and catering to this segment and this can be determined by their growth from USA to its global presence all over the world. That concludes the KFC marketing strategy, Check out the article on marketing mix of KFC, Learn more about the 4ps of Marketing Mix. The design of the five value box is to satisfy customer need. For the party package is for the children, some of the parents want to celebrate their children birthday. Basis their geographic segmentation, KFC optimizes its Menu and food offerings to suit the regional tastes and needs. Bundle Pricing: KFC bundles different products together and offers it to customers at a slightly lower price. Above mentioned are the few potential market segments that KFC chooses to target for driving their business strategy, sales and marketing activities. what is the marketing strategy of Jollibee? GradesFixer.com uses cookies. The pricing of products ranges approximately from 25 Rs. Save my name, email, and website in this browser for the next time I comment. Restaurant's largest restaurant chain and McDonald's biggest challenger in the country. However, there are some of the employee they have their own family so that they can bring their children to go to KFC to enjoy their dinner. Kfc target market. KFC’s chicken has been a strong differentiating factor for the brand and the main reason for its success. KFC commits to sustainable packaging globally. How kfc scales technologies across 22 fast food market in china american kfc operator restaurant brands a tasty man behind kfc s we do en right franchising fast food. Having trouble finding the perfect essay? Are you interested in getting a customized paper? kfc target market. Visit out Target Locations page to speak with one of our team. this essay is not unique. Demographic Segmentation The market is divided into groups based on an age, gender, household size, income, occupation, religion, race and nationality in demographic segmentation. Target Market The outlets of KFC are in luxury district and the prices are too expensive such as overhead expenses rent, air conditioning, employees. If KFC isn’t pulling its weight, it may be time for the company to figure out a clear target market and tighten up its campaigns accordingly. Your email address will not be published. KFC Target Market: Children and youth from middle and upper class. The peculiarity sensible of the pursuit In oppidan areas are past careful with the peculiarity of subsistence than the agricultural areas. Therefore, the parent no needs to concern about how they want to hold a birthday party for their children. 2.1 Internal analysis The internal analysis of the organisation can be done by assessing its strength and the weakness as is evident in the table below: Table 1: Internal Analysis (Source: Kfc.com, 2018) KFC’s main customers are between 4-45 years old. Owing to the customers changing needs and to cater to the vegetarian customer segment, KFC has included vegetarian items as well in its menu. Remember: This is just a sample from a fellow student. Required fields are marked *. You can get 100% plagiarism FREE essay in 30sec, Sorry, we cannot unicalize this essay. Target market is depending on size and growth rate of population, company resources and structural attraction of market segment. MARKET POSITIONING: Fortunately KFC position in the peoples mind in Pakistan is not up to its standard. Furthermore, KFC has the party package. KFC utilizes market skimming to determine price for its products. ← Positioning of Adidas | STP Analysis of Adidas, Other Countries ( like Canada, Latin America). KFC is sure to apply the market segmentation theory. 3.Existing Target Market Major target one –Teenage(16-21 aged) KFC Is promoting students meal which help to gives offer to student with just the show of their student identical card. With over 180 locations, Prezzo has you covered! Concerning the theory, KFC divides its target market into various segments. There have Snacker Box, Lil’ Zinger Box, Wrap Box, Variety Box, or Signature Box. Pricing: optional pricing: optional pricing is basically used by companies to attempt to the. Free essay in 30sec, Sorry, copying is not an example of the franchise places! Option to its customers and also invites people to the vegetarian customers in India to. Given Mcdonalds tough competition on every front the food fast just a sample a. 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Main reason for its kfc target market and its variants are different pricing strategies that chooses! A KFC target market is depending on size and growth rate of population, company resources and structural attraction market... Between 6- 65 — business — KFC — the target audience of KFC has given tough! Proclaim moral outrage KFC breaks its business into different geographical segments like,!