market segmentation Flashcards
1
Q
the four different segments
A
Geographical, income, behavioural, demographic
2
Q
income segmentation
A
Grouping consumers in regards the difference in their income
3
Q
geographical segmentation
A
Grouping consumers in regards to where they live.
(ie. if they live in north they are likely to buy more winter clothing throughout the year)-a business will produce these types items
4
Q
demographic segmentation
A
Grouping consumers needs based on where they live
5
Q
behavioural segmentation
A
Grouping people based on their consumer habits