Market segmentation is a crucial component of any marketing strategy, as it allows businesses to divide a heterogeneous market into smaller, more manageable segments. Discuss the FIVE (5) broad types of market segmentation strategies and explain how each type can be applied to identify and target potential customers effectively. Provide real-world examples to illustrate your points.
Market segmentation is a crucial component of any marketing strategy, as it allows businesses to divide a heterogeneous market into smaller, more manageable segments. Discuss the FIVE (5) broad types of market segmentation strategies and explain how each type can be applied to identify and target potential customers effectively. Provide real-world examples to illustrate your points.
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
Problem 2DYMP
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Market segmentation is a crucial component of any marketing strategy, as it allows businesses to divide a
heterogeneous market into smaller, more manageable segments.
Discuss the FIVE (5) broad types of market segmentation strategies and explain how each type can be applied to identify and target potential
customers effectively. Provide real-world examples to illustrate your points.
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