Special Report on
International market segmentation
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International market segmentation - Trends
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of customers can be grouped into homogeneous groups or segments exhibiting similar wants, preferences, and buying behavior. The process enables companies to target specific market segment(s), design more suitable marketing mix variables (price, product , promotion , and distribution), and develop more effective positioning strategy. Market segmentation leads to better understanding of the customers and competitors, more effective allocation of resources, and capitalization on the opportunities (i.e. niche markets). The segmentation procedure first involves selecting the most appropriate base to divide the overall market and the ...
Topic: Discuss the major reasons why international marketers implement international market segmentation. List and discuss the properties that these segments should ideally possess. Comment on when marketers should pursue univeral/global segments, regional segments, and unique/diverse segments. Like domestic marketers, international marketers conduct segmentation in order to decide on their positioning strategy. However, the benefits and process for international segmentation are significantly different to domestic positioning. There are also several different methods of segmenting the ... Read More
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