Course Code: 20AU0024 Title of The Course: Principles of Marketing Management
Course Code: 20AU0024 Title of The Course: Principles of Marketing Management
Demographic
Demographic
Psychographic
Psychographic
Behavioral
Behavioral
Segmenting Consumer Markets
• Geographic segmentation Dividing a market into different
geographical units, such as nations, states, regions, counties, cities, or
even neighborhoods.
Population
Neighborhoods density (urban,
suburban, rural)
Identify the type of segmentation Mc Donald’s has adopted?
Segmenting Consumer Markets Contd…
• Demographic segmentation Dividing the market into segments based
on variables such as age, life-cycle stage, gender, income, occupation,
education, religion, ethnicity, and generation.
Stage in the
Gender Age Income
Life Cycle
User
Buyer
Decider
Influencer
Initiator
Decision Roles Contd…
• Wife initiates a purchase by requesting a new treadmill for her
birthday
• The husband may then seek information from many sources,
including his best friend who has a treadmill and is a key influencer in
what models to consider
• After presenting the alternative choices to his wife, he purchases her
preferred model.
• Which ends up being used by the entire family-
After dividing the market into segments, it’s time to answer the first
seemingly simple marketing strategy- Which customers will the
company serve?
M.A.C. caters to
youthful hipsters
Old Spice's core customer is men
aged between 35 to 55 years old