Market Segmentation: Product Attributes and Distribution Strategies
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Define market segmentation. What dimensions are used to segment markets? How are product attributes and distribution strategies affected by differences between countries and/or market segments?
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Solution Summary
This solution provides explanations for market segmentation as well as its related product attributes and distribution strategies.
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Market segmentation occurs when you want to better understand your audience, so you divide it up into various groups. There are many dimensions that can be used to segment a market.
You might want to divide you market up by age. You could be marketing a product geared to young adults aged 25-35. Since you product would only interest a small sub-section of the general population, it is pointless to try to sell your product to everyone. Therefore, you would then want to take your entire population, and segment it down to people in the age category who would be interested in your ...
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