Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is market segmentation? And what is creteria or steps involved market segmentation?

user-image
Question added by Emmanuel Wamweta , production supervisor , Tembo Steel Rolling
Date Posted: 2016/05/31
Emmanuel Wamweta
by Emmanuel Wamweta , production supervisor , Tembo Steel Rolling

Market segmentation is an attempt to relate the characteristics or attributes of the products companies provide more closel to customer requirements & needs.

CRETERIA OR STEPS INVOLVED

Identify bases for segmentation.

Determine important characteristics of each.

Evaluate potential & commercial attractiveness of each.

Select one or two segments previously identified.

Develop detailed product positioning for selected segments.

Develop a marketing mix for each selected segment

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.