Identifying Marketing Segments and Targets
Last revised 9/12/07

Chapter Learning Objectives

1.

Understand the importance market segmentation and criteria necessary for effective market segmentation.

2.

Review the methods strategies used in market segmentation.

I. Overview of Market Segmentation

 

A. Market Segmentation:

 

B. What are the advantages of segmenting markets?

 

 

 

C. Why has marketing segmentation become the norm?

 

 

D. Criteria for developing a market segmentation

 

 

 

 

II. Types of Market Segments

 

A. Geographic:

B. Demographic:

 

 

C. Psychographic: Visit http:www.claritas.com

 

 

 

 

D. Product-Related Segmentation:

 

 

E. Multiple Segmentation Methods

 

1. Technographic Segmentation

 

 

2. Geodemographic: Visit: PRIZM

 

 

III. Strategies for reaching target market(s)

 

A. Undifferentiated:

B. Segmented:

 

 

1. Concentrated: Niche marketing.

 

 

2. Differentiated: multisegment marketing.

 

3. Microsegmentation:

 

4. Countersegmentation:

 

IV. Marketing Positioning:

A. Competitive Advantage:

B. Positioning Statements