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Presentation 1
Presentation 1
Group No:10
Segmentation is the process of grouping people or organizations within a market according to similar needs, characteristics, or behaviors
Level of competition Substitute products Power of buyers Powerful suppliers Company objectives and resources
Undifferentiated (mass) marketing Differentiated (segmented) marketing Concentrated marketing Micromarketing (local or individual)
enable people to form a mental image of our product in their minds Typically defined by consumers on the basis of important attributes. Involves implanting the brand s unique benefits and differentiation in the customer s mind. Positioning maps that plot perceptions of brands are commonly used.