1. Consumer and Market Segmentation
... markets into fragments that can be obtained more efficiently. There are several ways to divide markets, they include: "Geographic segmentation, demographic segmentation, psychographic segmentation, and behavioral segmentation. Geographic segmentation comprises of dividing the market in a different variable that includes regions, the size of the municipal area, the number of residents, ... age, life-cycle stage, sexual characteristics, earnings, employment status, edification, religious conviction, background, and generation. Psychographic segmentation is made up of a person's activities, ...
- Word Count: 550
- Approx Pages: 2
- Has Bibliography
- Grade Level: Undergraduate