Marketing: An Introduction (12th Edition)
12th Edition
ISBN: 9780133451276
Author: Gary Armstrong, Philip Kotler
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 1ALC
Summary Introduction
To identify: Certain companies that practice the various types of segmentation.
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”.
Expert Solution & Answer
Explanation of Solution
The following are the examples of companies that practice the various type of market segmentation:
- Company N mainly utilizes the demographic variables for their market segmentation
- Company K segment their market on the basis of the age ranges and the things that they have their keen interest
- Company MO segments their market on the basis of psychographic, behavioral, and geographic segmentation
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Woolworth a cloth producing company needs your help in getting a market in your home, Advise on the possible segmentation bases which they can use, support your illustrations with examples and further Describe the market segmentation process which will lead to the success in this business.
What are the advantages and disadvantages of Segmentation ?
How would you describe a "market niche?"
Describe four product/services that you own or consume that you would consider to be "niche" products.
Why do you believe this to be true?
Chapter 6 Solutions
Marketing: An Introduction (12th Edition)
Knowledge Booster
Similar questions
- Explain the basic method of segmentation. What sets it different from paging? What does the term "compaction" mean?arrow_forwardThink of a business category. In segmentation scheme, which one(s) do you think would be most effective to sell your products or services? In another word, to which segment do you feel you belong more? why?arrow_forwardThink of a company of your choice, which involves in trading mobile phones. Explain the various approaches used in segmenting markets and also describe how the marketing mix is used to position your products in a market.arrow_forward
- Explain in broad terms the main steps of the segmentation procedure. The method by which it operates sets it apart from paging. When someone or something is said to be "compacted," what precisely does it mean?arrow_forwardby choosing a product or product category that interests you. Next, prepare a detailed market segmentation analysis for this product by describing your product and explain why your segmentation scheme meets the four essential criteria.Also, provide your rationale for choosing your segment descriptors.arrow_forwardWhat is the process of selecting an appropriate segmentation approach and deciding which customer segments to target for marketing activitiesarrow_forward
- Describe in the simplest terms possible how segmentation actually operates. How does it differ from standard paging methods? In other words, what exactly does the term "compaction" mean?arrow_forwardHow relevant is the traditional marketing mix theory, when deploying your business over the Internet.arrow_forwardUsing 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.arrow_forward
- What is Market offerings?arrow_forwardDiscuss Describe the process of segmenting a target market and explain why it is crucial for effective marketing planning.arrow_forwardIdentify various strategies for segmenting a market, which then will be used to choose one strategy for your pet supply store. List and discuss each of the strategies that can be used to develop a segmentation approach. Provide examples of each of the four strategies your pet store might use.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you