ENTREPRENEURSHIP

Detailed explanation-1: -Demographic, psychographic, geographic, and behavioral are the four pillars of market segmentation, but consider using these four extra types to enhance your marketing efforts.

Detailed explanation-2: -Corporations and marketing teams use various criteria to develop target markets for their products and services. The criteria for a market segment include homogeneity among the segment’s main needs, uniqueness, and a common reaction to marketing tactics.

Detailed explanation-3: -Segmentation helps marketers to be more efficient in terms of time, money and other resources. Market segmentation allows companies to learn about their customers. They gain a better understanding of customer’s needs and wants and therefore can tailor campaigns to customer segments most likely to purchase products.