Explain the given statement market segmentation is a very

Question

Explain the given statement "Market segmentation is a very essential and effective strategy. It is about deciding and defining marketplace segments which nerve then become targets for the organization's promoting plans" and :

i) Four factors of essential characteristics for customer segments

ii) Reasons of failure of market segmentation of consumer and industrial goods.

iii) Method to avoid the errors of Segmentation

iv) Conclusion and References

Answer 1

For this assignment there is a promoting organization that specified statement Market segmentation is an extremely essential and effective strategy illustrated it as follow: Demonstrate the specified statement "Market segmentation is an extremely essential and effective strategy. It is about deciding and defining marketplace segments that nerve then become targets for the organization's promoting plans" and : i) Four features of necessary traits for customer segments ii) Causes of failure of market segmentation of consumer and industrial goods. iii) Technique to avoid the errors of Segmentation iv) Conclusion and References