MANAGEMENT

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. Here are several more methods you may want to look into.

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 many ways to segment markets to find the right target audience. Five ways to segment markets include demographic, psychographic, behavioral, geographic, and firmographic segmentation.