Using the full spectrum of segmentation variables, describe how Bentley segments and targets the international luxury car market.
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The full spectrum of segmentation variables is emotion association, lifestyle, education, etc.
Explanation:
- Bentley targeted high-income groups who intended to buy into the history and symbolism of their brand.
- It also pursued groups in the budding economies who were typically older or retired men, highly educated, and lofty earners.
- In contrast, Bentley’s target customers in emerging markets are often the less educated, young, entrepreneurs who share several of the significant commonalities.
- They have a resilient inclination towards Western-branded luxury goods. Distinguishing the variances and the chance to be had from separating its targeting efforts.
- It also targets the traditional market with its unique value proposition of performance, luxury, and exclusivity.
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