2. MARKET SEGMENTATION- M S consist a group of
customers who share a similar set of needs and wants.
NEED of Market Segmentation-
To target every class of customers.
To satisfy all needs.
To enhance profit.
Employement generation.
Increase in competitivness.
4. Geographical Segmentation –
Divides one unit into Nations,States,Regions,Cities.
Wal-Mart,Sears,Reobuck & Co. allow local managers
to stock products that suit the local community.
5. Demographic Segmentation –
Market is divided into age,sex,family,income and
education.
It divides into-Newborn(0-1 month),Infant(2-5
month),Cruiser(6-12 month),Toddier(13-18
month),Explorer(19-23 month).
6. Psychographic Segmentation –
Buyers are divided into different groups on the
basis of Personality traits,life style & values.
Behaviour,Attitude,Personality,Benefits,User
status & Loyality status.