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people interest in the product, has resources to purchase, and permitted by the law to acquire the product
market
grp of people most likely to buy the product
target market
dividing costumers into smaller groups based on their similarities
market segmentation
based on their residence or climate
geographic segmentation
based on age, gender, income, fam size, etc.
demographic segmentation
based on lifestyle, values, interests, personality
psychographic segmentation
based on how they buy, what they buy, why they buy
behavioral segmentation
based on social group, relationship, community, connection, social classes, religion, etc.
sociographic segmentation