Segmentation Flashcards
Definition of market segmentation
The division of the market place into distinct subgroups or segments, each characterised by particular tastes and requiring a specific marketing mix.
What can markets be segmented into?
Age
Gender
Ethnic/cultural background
Region
Socio economic class
What can different groups share tastes in?
Most teenagers share tastes in clothes and music
Most wealthy people tend to go to the same restaurant and drive similar cars
Three products that are segmented according to age
- Clothes
- To shows
- Cigarettes
Three products that are segmented to gender
- Clothes
- Hygiene products
- Shoes
Three products that are segmented to ethnic/cultural background
- Clothes
- Food
- Entertainment
Three products that are segmented to region
- Sport
- Clothes
- Entertainment
Group 1 socio economic class
Higher professional and managerial workers e.g. lawyers, architects, medical doctors
Group 2 socio economic class
Lower professional and managerial workers e.g. teachers, social workers, nurses
Group 3 socio economic class
Intermediate occupations e.g. armed forces up to sergeant, paramedics, nursery nurses
Group 4 socio economic class
Small employers and non professional self employed e.g. farmers, shop keepers, taxi drivers
Group 5 socio economic class
Lower supervisory and technical workers e.g. mechanics , chef, plumbers, electricians
Group 6 socio economic class
Semi-routine occupations e.g. traffic wardens, receptionists, shelf stackers
Group 7 socio economic class
Routine occupation e.g. bar staff, cleaners, labourers
Group 8 socio economic class
Long term unemployed