3.4.3.2 Bases for segmenting consumer market
Bases for segmenting consumer markets are broadly classified under four
major categories: geographic, demographic, psychographic, and product-
related segmentation (Boone, 2001). In addition to their relatively ease of
use, geographic and demographic segmentation are the most important
bases for segmentation consumer market (Boone, 2001). On the other hand,
although information on psychographic and product-related segmentation is
harder to come by (Sarin, 2010), these bases of segmentation are considered
to be more effective for consumer products since they reflect the product
usage frequency and quantity of consumers.
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