Marketing segmentation has been described both as a demand analysis and as a business strategy.  What is the difference between these uses of the term market segmentation? When segmenting a market, describe the reason why marketers segment markets?  What is the difference between market segmentation strategies and product differentiation strategies in marketing?  What is required to effectively use a market segmentation strategy?

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter6: Target Markets: Segmentation And Evaluation
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Marketing segmentation has been described both as a demand analysis and as a business strategy.  What is the difference between these uses of the term market segmentation? When segmenting a market, describe the reason why marketers segment markets?  What is the difference between market segmentation strategies and product differentiation strategies in marketing?  What is required to effectively use a market segmentation strategy?

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