Business Studies, asked by avprocess123, 11 months ago

List and discuss the major bases for segmentation of consumer markets. Explain the four variables in detail for Balwaan.

Answers

Answered by jayant74
0
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Answered by nidaeamann
0

Explanation:

The four types of segmenting consumer market are as follows:

Demographic Segmentation

Demographic segmentation divides the markets into groups based on age, gender, family size, income, occupation, education, religion etc

Geographic Segmentation

Geographic segmentation divides the markets into groups based on geographical units such as nations, states, regions, cities, or neighborhoods

Psychographic Segmentation

Psychographic segmentation divides the markets into groups based on lifestyle and personality traits

Behavioural Segmentation

In behavioural segmentation, divides the markets into groups based on their knowledge of, attitude, response to a product

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