Summarize the three major waysmarketers segmment business markets

Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter7: Business Markets And Buying Behavior
Section7.2: Categories Of Business Markets
Problem 1LO
Question

Summarize the three major ways
marketers segmment business markets

Expert Solution
Step 1

Segmentation is done by the companies to serve and fulfill their targeted customers well. The market will be segmented and put in a group with the same type of interests, behaviors, characteristics, interest, habits and desires, etc., So the companies can concentrate on the segmented group of people. They will produce the products and services and they will make some changes which will suit them. For the business market as well as consumer market, segmentation will help in many ways.

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Direct marketing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning