4 bases of market segmentation
Marketing Segmentation and Political Marketing
The target market for Blue Sky products is active consumers between the ages of 25 and 45—people who like to hike, rock climb, bicycle, surf, figure skate, in-line skate, ride horses, snowboard or ski, kayak, and other such activities. In short, they like to “Go Play Outside.” They might not be experts at the sports they engage in, but ...
[DOC File]MARKET SEGMENTATION - TPU
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psychographic segmentation . Dividing a market into different groups based on social class, lifestyle, or personality characteristics. behavioral segmentation . Dividing a market into groups based on consumer knowledge, attitude, use, or response to a product. occasion segmentation
Top 4 Bases for Segmenting Consumer Market
Market segmentation is about identifying groups of customers who have a propensity to buy your product and understanding how you can best reach and communicate with them to do so. MARKET SEGMENTATION . For the entrepreneur, finding the right customers starts with adopting either a mass-market strategy or a market-segmentation strategy.
[DOC File]Chapter 7: Market Segmentation, Targeting, and Positioning
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Define market segment and market segmentation. Explain the criteria for successful segmentation and targeting. Understand the concept of differential response to marketing variables as it relates to segmentation. Describe the four general categories of variables used as segmentation bases. Understand the use of indexing to profile market segments.
[DOC File]Chapter 7
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2.4.1 Nature of Market Segmentation. 2.4.2 Bases of Market Segmentation and Target-Market Strategies. 2.4.3 Forecasting Market Demand. Unit 3: The Product. 3.1 Product Planning and Development. 3.1.1 The Meaning of Product. 3.1.2 Classification of Products. 3.1.3 Importance of Product Innovation and Development of New Products. 3.1.4 Organizing ...
[DOC File]Allama Iqbal Open University
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Segmentation market. Target marketing. Positioning. ... a method for analysing association among alternative bases for segmentation, Journal of …
[DOCX File]California State University, Bakersfield
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Behavior-based segmentation includes three categories, which are shown in Exhibit 1. EMERGING SEGMENTATION BAsEs . Countries also can be segmented by means of product diffusion patterns and response elasticities. Some countries are fast adopters of the product, whereas some countries require a lag period to adopt the product.
[DOC File]Segmenting global markets: Look before you leap
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Demographic segmentation divides the market into groups based on variables such as age, gender, family size, family life cycle, income, occupation, education, religion, race, …
[DOC File]Targeting The Right Customers
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Define market segmentation, and list the four bases most often used to segment markets. What factors are considered in a demographic approach to market segmentation? How does an undifferentiated approach to market targeting differ from a concentrated approach? Define positioning. 14. True – False Questions
[DOC File]SEGMENT 7 : MARKET SEGMENTATION
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Common bases of demographic segmentation are age, gender, income, ethnic background, and family life cycle.
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