What is Market segmentation? Types, Importance, Examples

market segmentation

In today’s competitive business landscape, understanding your audience is key to creating truly resonating products, services, and marketing strategies. Market segmentation is a way of aggregating prospective buyers into groups or segments based on demographics, geography, behaviour, or psychographic factors to better understand and market to them. This targeted approach not only improves customer satisfaction but … Read more

What is Marketing Mix? [PDF Inside] or 4Ps of the Marketing Mix, 7 Ps of Marketing,

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A marketing mix is a set of tools used to promote a product or service in the market. It is also known as the 4Ps (product, price, place, promotion) of a marketing strategy. Using these components, a business can maximize its profit and the chances of its product being recognized by customers.

What is Market Research? [PDF Inside] Definition, Objectives, Types, Process, and Importance

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The process of evaluating the feasibility of a new product or service through research conducted directly with possible customers is called market research or marketing research.

What is Marketing Management? [PDF Inside] Definition, Roles, Process, Importance, and Objectives

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Marketing management is a method of controlling the marketing aspects, fixing a company’s goals, organizing the plans step by step, making decisions for the firm, and performing them to get the maximum turnover by fulfilling the consumers’ needs. It is the way to find out the opportunities that are profitable and help to satisfy consumers. … Read more

What is marketing? [PDF Inside] Definitions, 4 Ps, Types, & Advantages of Marketing

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Marketing is the process of getting consumers interested in your product or service. It involves researching, analyzing competitors, promoting, distributing as well as learning more about your customers to find new ways to get them excited and attract them with promises.