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Chapter Five
Rajeev ShresthaLecture 9 March 29, 2012Market and Market Segmentation
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Market and Market SegmentationMarket and its typesCustomer-Driven Marketing StrategyMarket SegmentationMarket TargetingDifferentiation and Positioning
Topic Outline
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Psychographic SegmentationPsychographic segmentation divides buyers into different groups based on social class, lifestyle, or personality traits
Levis Go Forth
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Behavioral segmentationIt divides buyers into groups based on their knowledge, attitudes, uses, or responses to a productOccasionsBenefits soughtUser statusUsage rateLoyalty status
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Behavioral segmentation
Dairy Milk
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Multiple Segmentation BasesMultiple segmentation is used to identify smaller, better-defined target groups
Geo-demographic segmentation is an example of multivariable segmentation that divides groups into consumer lifestyle patterns
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Segmenting Business MarketsSimilar to those of the consumer marketAdditionalOperating characteristicsPurchasing approachSituational factorsPersonal characteristics
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Segmenting International market
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Segmenting International marketInter-market segmentation divides consumers into groups with similar needs and buying behaviors even though they are located in different countries
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Requirements for Effective Segmentation
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