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  2. Aggregating prospective buyers into groups or segments

    Market segmentation is a way of aggregating prospective buyers into groups or segments, based on demographics, geography, behavior, or psychographic factors in order to better understand and market to them.
    www.investopedia.com/terms/m/marketsegmentation.asp
    www.investopedia.com/terms/m/marketsegmentation.asp
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    What is a market segment?A market segment is a group of people who share one or more similar characteristics. Corporations and marketing teams use various criteria to develop target markets for their products and services. The criteria for a market segment include homogeneity among the segment's main needs, uniqueness, and a common reaction to marketing tactics.
    What are the different types of market segmentation?Therefore, below are five common types of market segmentation. Demographic segmentation is one of the simple, common methods of market segmentation. It involves breaking the market into customer demographics as age, income, gender, race, education, or occupation.
    What is demographic segmentation?Demographic segmentation is one of the simple, common methods of market segmentation. It involves breaking the market into customer demographics as age, income, gender, race, education, or occupation. This market segmentation strategy assumes that individuals with similar demographics will have similar needs.
    What is the segmentation process?The segmentation process is an initial step in marketing your business. Once your market is split into segments, you can use appropriate marketing strategies to target these segments effectively. The steps involved in this process are as follows: 1. Define your market and the opportunity.
     
  4. Market Segmentation: Definition, Example, Types, Benefits

     
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  9. Market segmentation: What it is, Types & Examples

    WebMarket segmentation is a process that consists of sectioning the target market into smaller groups that share similar characteristics, such as age, income, personality traits, behavior, interests, needs, or …

  10. What is Market Segmentation? (Explained With Examples)

  11. Market Segmentation - Identifying Your Different …

    WebMarket segmentation is the process of dividing your target market into clearly defined subgroups of consumers who have common characteristics and priorities. When you identify these segments, you …

  12. What Is Market Segmentation? Definition, Sample Segments, and …

  13. What Is Market Segmentation? Definition, Example, …

    WebJun 29, 2023 · Market segmentation is the dividing of a firms target market into groups and subgroups. By segmenting the market the firm may then tailor sales campaigns and marketing strategy so as to be …

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