4. Dividing a market into distinct groups with distinct needs.
Characteristics or behavior who might require separate
products or marketing mixes.
Identify bases for segmenting the market.
Develop segment profiles.
MARKET SEGMENTATION
5. 4 Commonly used bases for segmentation
Segmentation
Geographic Demographic
Psychographic Behavioral
7. Consists of a set of buyers who share common needs or
characteristics that the company decides to serve
Develop measure of segment attractiveness.
Select target segments.
MARKET TARGETING
10. Positioning strategy means to create an image of the product or
service in the mind of the customer
Develop positioning for target segments.
Develop a marketing mix for each segment.
POSITIONING
11.
12. Positioning by specific product attributes
Positioning by benefits
Positioning for user category
Positioning for usage occasion
Positioning against another competitors
Positioning against another product class
POSITIONING STRATEGIES