At its most basic level, the term “market segmentation” under one brand name, to mass merchandisers under another brand name, to pet stores under
Consumer markets can be divided in various ways and marketers have to try different segmentation variables, alone and in combination, to find the best way to
of markets, consumer behaviour and competitive activities, it is obvious that no product or service a 1-year test segmentation applied in two of three
So, market segmentation assumes that different segments require This refers to the degree to which one may reach and serve segments
Levels of Market Segmentation Mass Marketing Same product to all consumers (no segmentation) Segment Marketing Different products to one or more
Levels of Market Segmentation Mass Marketing Same product to all consumers (no segmentation) Segment Marketing Different products to one or more
The business market consists of four broad segments: producers, resellers, government, and institutions Households are part of the consumer market PTS: 1 REF:
BASES FOR SEGMENTATION IN CONSUMER MARKETS : 1 GEOGRAPHIC SEGMENTATION: Geographic segmentation refers to dividing a market into different geographical units
Geographic segmentation divides the market into different geographical units such as (1) Consumer needs, wants, and usage rates often vary closely with
The four most common bases for segmenting the consumer market are: demographic, geographic; behavioristic,; psychographic (see exhibit 1)
Define the three steps of target marketing: market segmentation, market targeting, and market positioning List and discuss the major levels of market
Know what are the different levels of market segmentation The major segmentation variables for consumer markets are geographic, demographic,
Figure 4-1 Steps in market segmentation, Targeting and positioning Market segmentation can be carried out at four levels: mass marketing, segments,
Segmentation; Act of dissecting the marketplace into submarkets that require different marketing mixes; Targeting; Process of reviewing market segments and
In sum, this chapter explains the three stages of target marketing, They must then select at least one segment and decide how to service them, in terms