Provide an example of how a company has used behavioral segmentation to segment its target market. Refer
Question:
Provide an example of how a company has used behavioral segmentation to segment its target market. Refer to Table 7.1.
Transcribed Image Text:
Table 7.1 Major Segmentation Bases for Consumer Markets Segmentation Base Examples Geographic Nations, regions, states, counties, cities, neighborhoods, population density (urban, suburban, rural), climate Demographic Psychographic Behavioral Age, life-cycle stage, gender, income, occupation, education, religion, ethnicity, generation Lifestyle, personality Usage occasions, benefits, user status, usage rate, digital proficiency, online activi- ties, loyalty status
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Example Smartphone Manufacturer A smartphone manufacturer is looking to segment its target market ba...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
An investor with $75,000 is weighing options between a 200-day GIC or two back-to-back 100-day GICs. The 200-day GIC has a posted simple interest rate of 1.4%. The 100-day GICS have a posted simple...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
1. Define and provide a marketing example for each of the following: a. Market b. Market Segment c. Market Segmentation 2. Why is Market Segmentation important? 3. Define the criteria for Successful...
-
Pierce Phones is considering the introduction of a new model of headphone whose selling price is $18 per unit and whose variable expense is $15 per unit. The company's monthly fixed expense is...
-
On January 1, 2002, the Key West Company acquired a pie-making machine for $50,000. The machine was expected to have a useful life of 10 years with no residual value. Key West uses the straight-line...
-
Financial data for three corporations are displayed here. MEASURE FIRM FIRM FIRM INDUSTRY A B C NORM Debt ratio 21% 24% 39% 21% Times interest 7.5 10.2 7.0 9.1 times earned times times times...
-
Prepare a preliminary design for a CRS with a power capacity of \(50 \mathrm{MW}\) similar to Solar 2 for a location in Nevada.
-
Shirts Unlimited operates a chain of shirt stores around the country. The stores carry many styles of shirts that are all sold at the same price. To encourage sales personnel to be aggressive in...
-
There is an obvious direct correlation between the rise in the number of Americans without healthcare insurance and the volume of uncompensated care provided by the medical industry. The Health and...
-
The heavy equipment industry is big business. Manufacturers like Caterpillar, Komatsu, John Deere, Hitachi, and Volvo sold $176 billion worth of engines and heavy-duty construction, mining, and power...
-
The heavy equipment industry is big business. Manufacturers like Caterpillar, Komatsu, John Deere, Hitachi, and Volvo sold $176 billion worth of engines and heavy-duty construction, mining, and power...
-
A study of smartphone users shows that 68% of smartphone use occurs at home and a user spends an average of 410 minutes per month using a smartphone to interact with other people (Harvard Business...
-
What are class diagram and object diagram?
-
List down the steps in identifying and developing a class diagram for a given application domain.
-
How do we achieve generalization and specialization?
-
The second of the two steps in building the sequence diagram is to (a) define how the system uses the problem domain resources (b) define how the actor uses the system resources (c) define how the...
-
Suppose that you are designing a computer-based system that plays a multiplayer game online. Which UML diagrams you will choose to design the system? Why?
-
For a telephone survey, a marketing research group needs to contact at least 600 wives, 480 husbands, 400 single adult males, and 440 single adult females. It costs $3 to make a daytime call and...
-
5. How much would you need to deposit in an account now in order to have $5,000 in the account in 5 years? Assume the account earns 2% interest compounded monthly. 10. You deposit $300 each month...
-
1. Watch the 60 Minutes interview at www.cbsnews.com/news/amazons-jeff-bezos-looks-to-the-future/. Is it ethical for companies to use the media this way to gain favorable exposure? Did Jeff Bezos...
-
1. How many households are expected to watch each program? 2. Calculate the cost per thousand (CPM) and cost per point (CPP) for each program. How should advertisers use these measures when planning...
-
1. Why has Allstate's "good hands" slogan withstood the test of time to become advertising's longest-running slogan? 2. Analyze Mayhem ads based on the process of creating an advertising message as...
-
The four - firm concentration for an industry is 0 . 9 1 or 9 1 % . Is this industry likely to be competitive? Explain your answer.
-
- hiTiIT a. Venedict invested $86,000 cash along with office equipment valued at $21,000 in a new business named HV Consulting in exchange for common stock. b. The company purchased land valued at...
-
Wao you just won the $20 million lottery. The lottery official have offered you $1 million dollars at the end of each year for the next 20 years. OR a one time payment of $11 million today. Assuming...
Study smarter with the SolutionInn App