Categories: Marketing

Market Segmentation

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<h4><strong>Behavioral segmentation<&sol;strong><&sol;h4>&NewLine;<p align&equals;"justify">Dividing the market into groups based on consumer knowledge&comma;usage pattern&comma;response&comma;price sensitivity&comma;brand loyalty and benefit sought&period;<&sol;p>&NewLine;<h3><strong>Business Market Segmentation<&sol;strong><&sol;h3>&NewLine;<p align&equals;"justify">Many of the market segmentation bases can be applied to industrial market but some of the bases which are different are the following&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Operating Variables<&sol;strong> &&num;8211&semi; based on  technology&comma;user-nonuser status and customer capabilities&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Customer type<&sol;strong> &&num;8211&semi; based on factors such as organization size&comma;industry&comma;organizations structure&lpar;Centralized or Decentralize&rpar;&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Buyer Behavior<&sol;strong> &&num;8211&semi; based on Such as loyalty to supplier&comma;usage pattern and order size&period;<&sol;p>&NewLine;<p align&equals;"justify"><strong>Situational factor<&sol;strong> &&num;8211&semi; Such as Urgency of deliver and specific application&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<h3>Advantages of Segmentation<&sol;h3>&NewLine;<p align&equals;"justify">-Organization is focused toward relative segments&period;<&sol;p>&NewLine;<p align&equals;"justify">-Less marketing expense&period;<&sol;p>&NewLine;<p align&equals;"justify">-Selecting proper segments result in high profits&period;<&sol;p>&NewLine;<p align&equals;"justify">-Organization closely examine needs and wants of customers&period;<&sol;p>&NewLine;<p align&equals;"justify">-Customer satisfaction survey is easy to conduct&period;<&sol;p>&NewLine;<p align&equals;"justify">-Better customer service can be provided to product users&period;<&sol;p>&NewLine;<p align&equals;"justify">&NewLine;<p align&equals;"justify">&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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