ECONOMICS

Detailed explanation-1: -Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of market segmentation, but there are also many other strategies you can use, including numerous variations on the four main types.

Detailed explanation-2: -Step 4: Select Target Markets Remember that you are not identifying their current target market. Rather, you are developing the grid based on your market-product strategy and segmentation. group potential buyers into segments. group products to be sold into categories.

Detailed explanation-3: -There are four key types of market segmentation that you should be aware of, which include demographic, geographic, psychographic, and behavioral segmentations. It’s important to understand what these four segmentations are if you want your company to garner lasting success.