How should business markets be segmented

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Identifying Market Segments and Targets How should business markets be segmented?

Transcript of How should business markets be segmented

Identifying Market Segments and

Targets

How should business markets be segmented?

5 ways to segment business market

Demographic variables

Based on type of Industry, Company size and Location of

business

OPERATING VARIABLES

Based on TECHNOLOGY, CUSTOMER CAPABILITY and USER/NONUSER

STATUS

Purchasing approaches

Based on POWER STRUCTURE, PURCHASING CRITERIA, GENERAL

purchasing POLICIES, NATURE OF EXISTING Relationship

Situational factors

Based on URGENCY of service, SPECIFIC APPLICATION of product and

SIZE of ORder

PERSONAL CHARACTERISTICs

Based on BUYER SELLER SIMILARITY, LOYALTY and ATTITUDE TOWARDS

RISK

Disclaimer

Created by

Kartik Singla

Thapar University

during an internship by Prof. Sameer Mathur, IIM Lucknow. www.IIMInternship.com