customers

Question 1

what is the word used to describe putting potential customers into groups based on specific criteria or characteristics

Answer 1

market segmentation

Question 2

what market segmentation is consumers are divide into groups based on age brackets

Answer 2

age

Question 3

what market segmentation is consumers are grouped together based on the gender that they identify with as commonly used in cosmetics and clothes markets

Answer 3

gender

Question 4

what market segmentation is consumers are grouped together based on how much disposable income they have

Answer 4

income level

Question 5

what market segmentation is consumers who have particular lifestyle or hobby are grouped together

Answer 5

lifestyle/hobby

Question 6

what market segmentation is consumers based on their religious or cultural beliefs

Answer 6

religion

Question 7

benefits of a target market 4x

Answer 7

products will be better suited to the target markets needs
businesses will chose appropriate pricing
businesses will sell their products in the appropriate places
there is a decreased chance of product failure