Describe how marketing techniques are used by one organisation to increase demand for selected product/service. <br />TargetingPositioningSegmentation<br />Market Segmentation <br />Market segmentation is basically about understanding the needs of customers and also how they decide between one offer to another. This insight is normally used to form groups of customers who share the same value criteria. Businesses are then able to identify which group of customers it is most likely to suit best and which product or service offers will meet the needs of its chosen segments. Overall, the main primary objective of segmentation is based on how to win and retain the customers you want to serve.  <br />However, customers also segment themselves but take no notice of how companies segment their markets. When choosing between competing products and services, customers select the proposition that meets their needs better than any other. <br />Characteristics are divided into different categories so that they are segmented into a specific market. These are -:<br />Gender
Health
Values
Life Span

P5

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    Describe how marketingtechniques are used by one organisation to increase demand for selected product/service. <br />TargetingPositioningSegmentation<br />Market Segmentation <br />Market segmentation is basically about understanding the needs of customers and also how they decide between one offer to another. This insight is normally used to form groups of customers who share the same value criteria. Businesses are then able to identify which group of customers it is most likely to suit best and which product or service offers will meet the needs of its chosen segments. Overall, the main primary objective of segmentation is based on how to win and retain the customers you want to serve. <br />However, customers also segment themselves but take no notice of how companies segment their markets. When choosing between competing products and services, customers select the proposition that meets their needs better than any other. <br />Characteristics are divided into different categories so that they are segmented into a specific market. These are -:<br />Gender
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