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2 cards from this section. Quick, good the night before a test.
Define target market.
Focus on the intended audience.
What is market segmentation?
It's about breaking down the market.
What is a target market?
Think about who you want to sell to.
True or False: Market segmentation only involves demographic factors.
Consider the different ways markets can be divided.
Create a segmentation strategy for a new eco-friendly clothing line aiming to attract environmentally-conscious consumers.
Consider what consumers looking for eco-friendly options value.
Analyze how market segmentation can be leveraged by a luxury fashion brand to increase sales.
Think about who buys luxury items and why.
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