Asked by Maria Fathallah on Sep 28, 2024
The division of buyers into groups based on their product knowledge,usage rate,or loyalty is ________ segmentation.
A) psychographic
B) demographic
C) geographic
D) behavioral
Behavioral Segmentation
The process of dividing a market into segments based on consumer behaviors, such as purchasing habits, spending patterns, and brand interactions, for targeted marketing.
Product Knowledge
The understanding and information a company or individual has about a product’s features, benefits, application, and use.
- Differentiate between various types of market segmentation.
Learning Objectives
- Differentiate between various types of market segmentation.