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Market Segmentation can be resorted to by means of ____
Market Segmentation can be resorted to by means of ____
1). segmenting by age
2). segmenting by income
3). segmenting geographically
4). All of these
This Question has 3 answers.
Market segmentation is the process of dividing a broad target market into smaller, more defined groups based on shared characteristics.
The main types of segmentation include:
- Segmenting by age → Demographic segmentation (e.g., kids, teenagers, adults, seniors).
- Segmenting by income → Demographic segmentation (e.g., low-income, middle-income, high-income consumers).
- Segmenting geographically → Geographic segmentation (e.g., urban vs. rural, regions, climate-based markets).
ALL OF THESE
All of these
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