Question: II . New Market Segments Construct new segments. Your client company is interested in diversifying and building its target customer base for HBO Max in
IINew Market Segments
Construct new segments.Your client company is interested in diversifying and building its target customer base for HBO Max in the US market. Who is currently being underserved or overlooked?Who could be better served by being addressed directly?
Construct and describetwo newpotential segments or subsegments for your company to target for HBO Max for the US market.Describe each new segment in terms of itsbehavioral demographic, andpsychographic characteristics. Give each segment an appropriate name. Follow steps of the process described in theSelecting Target Markets Learning Resource. Begin by identifying the customer need for HBO Max.Then break the market down into subgroups. Develop profiles of target segments.Do some secondary research on your two segments.Note:Youwill notneed todevelop a full research plan or conduct primary research for this assignment.
Of the two potential segments or subsegments you havecreatedwhich of the two has greater market potential for your company to target?Why
Classify your new segment or subsegment according to one of the VALS types discussed in the Segmenting and Targeting Markets and Customers Learning Resource.
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