Importance of the market segmentation, Marketing Management

Assignment Help:

Importance of the market segmentation:

1.       Adjustment of product and marketing appeals: market segmentation presents an opportunity to understand the nature of the market. The seller can adjust his thrust to attract the maximum number of the customers by various publicity media and appeals.

2.       Better readiness: another variable used for segmenting the market is buyer "readiness" or preparedness to buy the product. At any given time, buyers are at different stages of readiness. There are unaware buyers, people who are aware but not interested, people who are interested and are desires to buy and lastly, those who will positively buy the product.


Related Discussions:- Importance of the market segmentation

Advesrtisi, Define and explain these concepts (reach and frequency).

Define and explain these concepts (reach and frequency).

Personal selling process, Personal selling process:  the personal selling ...

Personal selling process:  the personal selling process is a logical sequence of steps that a sales person takes in dealing with a prospective customer. The approach of selling me

Discuss the different roles performed by retail banking, Question 1: (a...

Question 1: (a) Explain the rationale behind financial sector development and liberalisation in a developing economy like Mauritius. (b) Discuss the various policy and inst

Cost based pricing, Cost Based Pricing : Under the cost based pricing, diff...

Cost Based Pricing : Under the cost based pricing, different methods used are :-   Mark Up Pricing   Absorption Cost Pricing   Target Rate of Return Pricing   Margin

Explain marketing in words of american marketing association, Explain about...

Explain about Marketing in words of American Marketing Association. Marketing: The American Marketing Association (AMA) explains marketing by “The process of executing and

Marketing in words of philip kotler, Define marketing in words of Philip Ko...

Define marketing in words of Philip Kotler. In the opinion of Philip Kotler, he explains that “Marketing is a social and managerial process by that individuals and groups acqui

Describe the term e-commerce, Describe the term e-commerce? e-commerc...

Describe the term e-commerce? e-commerce: The term e-commerce refer as ‘electronic commerce’, has evolved from electronic shopping that to imply all aspects of market and

CASELET, How should Shoppers? Stop develop its demand forecasts? Caselet 2 ...

How should Shoppers? Stop develop its demand forecasts? Caselet 2 The

How is an aging work force worked in demographic trends, How is an aging wo...

How is an aging work force worked in Demographic Trends? An aging work force: Several impacts of aging work are which the work force will before experience, reliable and

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd