Marketing: An Introduction, Student Value Edition (12th Edition)
Marketing: An Introduction, Student Value Edition (12th Edition)
12th Edition
ISBN: 9780133451283
Author: Gary Armstrong, Philip Kotler
Publisher: PEARSON
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Chapter 6, Problem 1BLC
Summary Introduction

To identify: The segmentation of Country U’s footwear market with major segments and subsegments..

Introduction:

Classifying the market into various smaller sections based on the buyer’s different needs and wants, characteristics, and behaviors is called market segmentation. This would help to reach buyers with various marketing strategies or product mixes. Marketing segmentation can be classified into “geographic, psychographic, demographic, and behavioral variables”.

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Students have asked these similar questions
Using the segmentation bases you’ve just read about, segment the U.S. footwear market. Describe each of the major segments and subsegments. Keep these segments in mind as you read the next section on market targeting.
At the last Linking the Concepts, you segmented the U.S. footwear market.  and select two companies that serve the footwear market. Describe their segmentation and targeting strategies. Can you come up with a company that targets many different segments versus another that focuses on only one or a few segments?
Describe what you understand by market segmentation and why it is important to carryout segmentation for fire angels?  What bases can you segment a market for a product like an umbrella?  Discuss how you can measure effectiveness of a market segment that angels wouldwish to target?
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