Asked by Hamish Harries on Jun 28, 2024
Verified
Describe at least three market segmentation strategies that may be adopted by a business owner.
Market Segmentation Strategies
Market segmentation strategies involve dividing a broad target market into subsets of consumers, businesses, or countries that have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them.
- Comprehend the principle of market segmentation and its importance in the field of marketing.
Verified Answer
ZK
Learning Objectives
- Comprehend the principle of market segmentation and its importance in the field of marketing.
Related questions
Income Is Perhaps the Most Volatile Factor in Demographic Segmentation ...
Market Segmentation Attempts to Isolate the Traits That Distinguish a ...
While Demographic and Geographic Segmentation of Retail Customers Are Relatively ...
The Value and Lifestyle Survey (VALS)conducted by Strategic Business Insights ...
Baby Boomers Represent a Huge Demographic Segment for Travel Marketers ...