Market segmentation is the process of dividing a large heterogeneous market into clearly identifiable segments based on characteristics like needs, wants, location, demographics, behaviors, or benefits sought. For effective segmentation, the segments must be identifiable, accessible, measurable, and have unique needs to justify creating tailored marketing strategies for each segment. Marketers commonly segment based on geographic, demographic, psychographic, and behavioral factors like location, age, interests/opinions, usage patterns, and loyalty. The goal is to better understand customers and improve marketing effectiveness.

1. MARKET SEGMENTATION…
Submitted to:
Dr. Sonika
chaudhary
Submitted
by:
Ajit Kumar
75148114
BBA

2. MARKET SEGMENTATION
MARKET SEGMENTATION

3. WHAT IS MARKET
SEGMENTATION????
The process of defining and subdividing a
large homogenous market into clearly
identifiable segments having similar
needs, wants, or demand characteristics.

4. Requirements of market
segmentation...
 Identifiable: the differentiating attributes of the
segments must be measurable so that they can be
identified.
 Accessible: the segments must be reachable
through communication and distribution channels.
 Measurable: It has to be possible to determine the
values of the variables used for segmentation with
justifiable efforts.
 Unique needs: to justify separate offerings, the
segments must respond differently to the different
marketing mixes.

6. •Marketers can segment
according to geographic
criteria—nations, states,
regions, countries, cities,
neighbourhoods, or postal
codes.
•Geographic segmentation is important and may
be considered the first step to international
marketing, followed by demographic and
psychographic segmentation.

7.  Segmentation
according to
demography is based
on variables such as
age, gender,
occupation and
education level or
according to
perceived benefits
which a product or
service may provide.

8. •Psychographic segmentation, which
is sometimes called lifestyle, is
measured by studying the activities,
interests, and opinions (AIOs) of
customers.
• It considers how people spend their
leisure, and which external
influences they are most responsive
to and influenced by.

9.  Behavioral segmentation
divides consumers into
groups according to their
knowledge of, attitude
towards, usage rate,
response,[5] loyalty
status, and readiness
stage[6] to a product.
 There is an extra
connectivity with all other
market related sources.

10. Conclusion:- in brief for u to
understand .

11. Thank you...