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market segmentation

nabihah bie Marketing 3 English

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market segmentation

  • dividing a market into smaller segments of buyers with distinct needs, characteristics or behaviors that might require separate marketing strategies or needs.
  1. segmenting customers markets

    • geographic segmentation
      • dividing a market into different geographical units such as nations, states, regions, counties, cities or even neighborhoods.
      • where?
    • demographic segmentation
      • dividing the market into segments based on variables such as age, life-cycle, gender, income, occupation, education, religion, ethnicity and generation
      • what?
    • psychograsphic segmentation
      • dividing a market into different segments based on social class, lifestyle or personality characteristics.
      • who?
    • behavioral segmentation
      • dividing market into segments based on consumer knowledge, attitudes, uses of a product or responses to a product.
      • how?

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3 Marketing (customer driven marketing strategy) Mind Map on market segmentation, created by nabihah bie on 16/08/2016.
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nabihah bie
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