Marketing
14th Edition
ISBN: 9781259924040
Author: Roger A. Kerin, Steven W. Hartley
Publisher: McGraw-Hill Education
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Question
Chapter 9.2, Problem 9.2LO
Summary Introduction
To discuss: The 5 levels included in targeting and segmenting markets.
Introduction:
It is an action of segregating the business market or a broad customer, usually includes the potential and existing customers, into a sub-set of consumers (termed as segments) on the basis of few kinds of shared features.
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List and discuss the major bases for segmenting consumer and business markets.
Identify the five steps involved in segmenting andtargeting markets
Explain why effective segmentation and targeting is essential for successful marketing?
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- Explain the necessary requirements for effective market segmentation, including the criteria that should be used when determining which segments a business should pursue.arrow_forwardExplain how is Market segmentation different for business to business market and business to customer markets ?arrow_forward
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