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Market segmentation : Market segmentation is very important as it supports the organisation to enhance their products and services by knowing the needs of the customers and to innovate in new sectors. Furthermore, segmentation is used to understand and determine the expectations of the customers through segmentation of psychographic, profile and behavioural.
As per the market research, the segmentation of Appletiser states that it is specifically liked by young people marketingweek, master thesis market segmentation, Segmentation helps in portioning the market into various groups of potential customers having identical needs who are most likely to exhibit similar purchasing behaviour.
Geographic segmentation determines the division based on the geographies in the worldwide market. The division is mainly accelerated by the major regions of the world wherein each division further reports to the headquarters or parent company.
Furthermore, Coca cola segments the analysis of the market on the basis of the place where the consumption of the beverage is maximum. For instance, maximum consumption of Appletisers takes place in restaurants, cinema halls and others. The organisation also segregates based on demographics that master thesis market segmentation based on the income, nature, living standards, habits of the people where the product will be consumed. Sometimes, assignments and life can overwhelm you. Are you busy and do not have time to handle your assignment?
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What's market segmentation and why it's important?
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