GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How is a market segmented by ‘location’?
A
Products can be aimed specifically at males or females or both
B
People have different hobbies and interests, which can be connected to income and location.
C
Consumers live in different parts of the country and will have different tastes and needs. Those living in the city might want a smaller car
D
Age groups can be split into categories e.g. 0-10, 11-16 or 18+. Or even by young and old
Explanation: 

Detailed explanation-1: -Geographic segmentation involves segmenting your audience based on the region they live or work in. This can be done in any number of ways: grouping customers by the country they live in, or smaller geographical divisions, from region to city, and right down to postal code.

Detailed explanation-2: -Consumer markets can be segmented using a multitude of variables from four main categories: Demographic: age, years of education, income, family size, gender, race, marital status. Geographic: Rural/urban, climate, radius, neighborhood, nearby resources and amenities.

Detailed explanation-3: -Geographic segmentation is the process of grouping customers based on where they live and where they shop. People who live in the same city, state or zip code typically have similar needs, mindsets and cultural preferences.

Detailed explanation-4: -Geographic segmentation. Demographic segmentation. Psychographic segmentation. Behavioral segmentation.

There is 1 question to complete.