Marketing Management (M240)
Graduate School of Business, Stanford University
Market Segmentation
Market segmentation is the process of dividing the market into smaller, more homogeneous subgroups.
Bases for market segmentation:
- demographic (e.g., age, family size)
- psychographic (e.g., VALS)
- usage (e.g., large users)
- benefits sought (e.g., lite-beer drinkers)