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Types of Market Segmentation
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Geographic Segmentation
Segmentation based on location. Examples: Urban vs rural areas, climate zones, or regional preferences.
Demographic Segmentation
Based on age, gender, income, education, occupation, etc. Examples: Toys for kids, luxury goods for high-income individuals.
Psychographic Segmentation
Based on lifestyle, values, personality. Examples: Eco-friendly products for environmentally conscious consumers.
Behavioral Segmentation
Based on consumer behavior, usage and purchasing patterns. Examples: Loyalty programs for frequent buyers, bulk discounts.
Income Segmentation
Demographic segmentation focusing on income levels. Examples: Budget vs. luxury brands, discount stores vs. high-end retailers.
Generation Segmentation
Segmenting consumers by their generation. Examples: Products tailored to Millennials, Baby Boomers, Gen Z, etc.
Gender Segmentation
Marketing products differently to men and women. Examples: Grooming products, fashion, magazines.
Ethnic Segmentation
Focusing on specific ethnic groups. Examples: Ethnic foods, beauty products for different skin types.
Family Life Cycle Segmentation
Segmentation based on different stages of family life. Examples: Baby products for new parents, real estate for downsizing retirees.
Occupation Segmentation
Segmenting the market by job types and career fields. Examples: Professional tools for tradespeople, office supplies for business professionals.
Educational Level Segmentation
Marketing based on the level of education achieved. Examples: Textbooks for students, educational courses for professionals.
Religious Segmentation
Segmenting consumers based on their religious affiliations and beliefs. Examples: Kosher foods, religious books and clothing.
Cultural Segmentation
Based on cultural background and heritage. Examples: Cultural festivals, traditional clothing and accessories.
Social Class Segmentation
Segmenting the market by social hierarchy or status. Examples: Luxury cars for the upper class, value products for the working class.
Life Stage Segmentation
Marketing to consumers based on their life stage. Examples: College savings plans for young parents, retirement services for older adults.
Benefit Segmentation
Focuses on the benefits consumers seek from products. Examples: Low-fat foods for health-conscious customers, durable goods for value-driven buyers.
Usage Rate Segmentation
Segmenting markets on the basis of light, medium, and heavy product usage. Examples: Rewards for heavy users, trial sizes for light users.
User Status Segmentation
Categorizing consumers by their relationship to the product. Examples: Potential users, first-time buyers, regular users.
Loyalty Segmentation
Dividing the market by consumer loyalty levels. Examples: VIP services for loyal customers, win-back offers for lapsed customers.
Occasion Segmentation
Segmenting according to occasions when the buyers decide to buy or use a product. Examples: Seasonal decorations, special event attire.
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