MARKETING 2018
19th Edition
ISBN: 9780357033753
Author: Pride
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 7DRQ
Summary Introduction
To find: The four main category of variables to segment the consumer market and examples of product market that are segmented by this category.
Market Segmentation:
Classifying market into various smaller sections is based on the buyer’s different requirements, wants, and behaviors and it is called market segmentation. This would help to reach the buyers with various marketing strategies and or product mixes. Marketing segmentation is classified into “geographic, psychographic, demographic, and behavioral variables”. Marketing strategy of the company is implemented on the various market segmentation
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Discuss the four major sets of variables that might be used in segmenting the consumer market.
Define the concept of customer insights and the role itplays in market planning decisions.
Describe at least one factor which is important but which is also difficult to quantify
Chapter 6 Solutions
MARKETING 2018
Ch. 6.1 - Located in the picturesque Berkshire Mountains of...Ch. 6.1 - Located in the picturesque Berkshire Mountains of...Ch. 6.1 - Located in the picturesque Berkshire Mountains of...Ch. 6.2 - Prob. 1CCh. 6.2 - Prob. 2CCh. 6.2 - Prob. 3CCh. 6 - Prob. 1DRQCh. 6 - Prob. 2DRQCh. 6 - Prob. 3DRQCh. 6 - Prob. 4DRQ
Ch. 6 - Prob. 5DRQCh. 6 - Prob. 6DRQCh. 6 - Prob. 7DRQCh. 6 - Prob. 8DRQCh. 6 - Prob. 9DRQCh. 6 - Prob. 10DRQCh. 6 - Prob. 11DRQCh. 6 - Prob. 12DRQCh. 6 - Prob. 13DRQCh. 6 - Prob. 14DRQCh. 6 - Prob. 15DRQCh. 6 - Prob. 16DRQCh. 6 - Under what conditions might a firm use multiple...Ch. 6 - Prob. 1SCCh. 6 - Prob. 2SCCh. 6 - Prob. 3SCCh. 6 - Prob. 4SC
Knowledge Booster
Similar questions
- An automobile manufacturer observes the demand for its brand increasing as per capita income increases. Sales increases also follow low interest rates, which ease credit conditions. Buyer purchase behavior is seen to be dependent on age and gender. Other factors influencing sales appear to fluctuate almost randomly (competitor advertising, competitor dealer discounts, introductions of new competitive models).a) If sales and per capita income are positively related, classify all variables as dependent, independent, moderating, extraneous, or intervening.b) Comment on the utility of a model based on the hypothesis.arrow_forwardIn selecting the business level strategy, explain why it is important to consider the following dimensions: The Customer Needs and Wants Socioeconomic segmentation Perpetual factor segments The Industrial and Commercial Consumers: End user Segments Products Segments Customer Size Segmentsarrow_forwardDefine the term Geodemographic segmentation?arrow_forward
- At least one segmentation variable is common in business markets but not relevant to consumer markets. Briefly define this variable and give an example of how it might be applied.arrow_forward8 The process or set of processes that links the producers, customers, and end users to the marketer through information used to identify and define marketing opportunities and problems is known asarrow_forwardWhich of the following would most likely benefit from being categorized as segmentation by product usage? Protection services Fast food restaurant Silicon Valley Dairy farmers.arrow_forward
- devratarrow_forwardBriefly discuss the four criteria used to select targe markets. Include the importance of the criteria to the marketersarrow_forwardFor the following products, indicate what factor(s) you would use to estimate market potential? Yoplait yogurt Rolex watches Apple iPads Tylenol Mary Kay cosmeticsarrow_forward
arrow_back_ios
arrow_forward_ios
