Question: Define Market Segmentation and explain why it is important.What are the five criteria needed for a market to exist?

Define Market Segmentation and explain why it is important.What are the five criteria needed for a market to exist?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Market segmentation is the process of dividing a broad target market into subsets of consumers who have common needs preferences or characteristics Th... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Marketing Questions!