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Market Segmentation Vocabulary

Froggy Jumps

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Key terms in segmentation

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Market Segmentation Vocabulary
 

Froggy Jumps

Market Segmentation VocabularyOnline version

Key terms in segmentation

by yandel, anderson
1

Designing products and directing marketing activities to appeal to the whole market; also known as mass marketing

2

The identification and selection of markets for a business or for a product

3

The particular group of customers a business seeks to attract

4

An economic and sociological measure of a person’s income, education, and occupation

5

The classification of customers into similar groups to appeal to one or more individual segments

6

The division of a market on the basis of customers’ lifestyles and personalities

7

An individual’s qualities or traits and behavior

8

Designing products and directing marketing activities to appeal to the whole market; also known as undifferentiated marketing

9

The division of a total market into smaller, more specific groups

10

One of the groups into which the total market is divided

11

A customer or a potential customer who has an unfulfilled desire and is financially able and willing to satisfy that desire

12

The way in which people lead their daily lives; determined by their income, interests, and activities

13

A customer or potential customer who purchases items for use in the operation of a business, for resale, or for making other goods

14

A head scarf worn in public by some Muslim women; can also be used to describe the Islamic dress code for Muslim women, which requires them to dress modestly in public

15

The division of a market on the basis of where customers are located

16

The division of a market on the basis of its physical and social characteristics

17

A customer or potential customer who purchases goods or services to satisfy personal desires

18

The division of a market on the basis of customers’ responses to a product

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