The statement, "You know the ones with the high heels and the red bottoms?" reflects which type of market segmentation?
Question
The statement, "You know the ones with the high heels and the red bottoms?" reflects which type of market segmentation?
Solution
The statement, "You know the ones with the high heels and the red bottoms?" reflects the type of market segmentation known as "Behavioral Segmentation".
Here's the step-by-step explanation:
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Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.
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There are four types of market segmentation: demographic, geographic, psychographic, and behavioral.
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Demographic segmentation divides the market based on demographic variables like age, gender, family size, income, occupation, etc.
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Geographic segmentation divides the market based on geographic boundaries.
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Psychographic segmentation divides the market based on lifestyle, personality traits, values, attitudes, interests, etc.
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Behavioral segmentation divides the market based on consumer's behavior, usage and decision making pattern.
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The statement, "You know the ones with the high heels and the red bottoms?" is referring to a specific product based on its characteristics and the consumer's knowledge or experience with it. This is a reflection of behavioral segmentation, as it's based on the consumer's knowledge, use, or response to the product.
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