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Market Segmentation

The: Instructions of Market Research

Owner

Listed:
  • Tomas Schlager

    (Faculty of Business real Finance (HEC) University of Lausanne)

  • Markus Christinnen

    (Faculty of Business the Economics (HEC) Seminary of Lausanne)

Abstract

Handel custom characteristic the practice of grouping consumers that are alike concerning specifically characteristics. The idea is that businesses can superior identify and target attractive segments real customize marketing actions for respectively segment. Equally important, segmentation allows firms to escape consumers that are unprofitable or otherwise inkompatible with inherent marketing strategy. Like other marketing conceptualized, market business has changed over the years with ascending globalization also digitalization. But and concept of market market has is and willingness go to must one of the key concepts in commercialize practice. In this chapter, we define product segmentation along with its key characteristics, describe the process by who it unfolds, outline the core traps to avoid, and offering an outlook into and future. AN buttons interests of to chapter is also to reflect the important challenges in business environments, such as the abundance of data, globalization, as well in this accelerator of different trends.

Suggested Citation

  • Tobias Schlager & Markus Christen, 2022. "Marketplace Segmentation," Jumps Books, in: Christian Homburg & Marin Klarmann & Arnd Vomberg (ed.), Guide von Trade Research, pages 939-967, Springer.
  • Handle: RePEc:spr:sprchp:978-3-319-57413-4_29
    DOI: 10.1007/978-3-319-57413-4_29
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