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market segment definition

Market segmentation is the division of the market into different market segments in order to better meet the needs of different consumers and achieve market goals. It divides the market through definitions, purposes, methods and basis, and takes into account the characteristics of different market segments. Market segmentation is very important for identifying target markets, conducting market analysis, and taking appropriate measures. Types of market segmentation include geographic, demographic, psychographic, behavioral, etc. Through market segmentation, companies can more accurately locate target markets and take appropriate market analysis and measures for different markets.

Edited at 2020-10-14 21:19:15
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market segment definition

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