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What are components of the market segmentation table that we can use for new technology?
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- What are the bases for Segmenting Business Markets?1. If you are asked to introduce electrical scooters what variables do you consider to do market segmentation?Explain the concept of customer segmentation in CRM. How can businesses use segmentation to improve their marketing and customer service efforts?
- What are the benefits of market segmentation? Provide a current example situation.Market segmentation is a crucial component of any marketing strategy, as it allows businesses to divide aheterogeneous 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 potentialcustomers effectively. Provide real-world examples to illustrate your points.How will you explain the phrase “segmentation is both an art and science?” Explain