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Effective Way to Increase the Revenue of the Organization (Market Segmentation)
Market Segmentation is the process that divides the business market in different segments according to client’s requirements. This mainly consisting of existing and potential customers into sub groups of customers on the basis of same types of shared characteristics. We know that students need best information to write about the topic in the exams because they need to score the best marks.
As per Location: Perfect process of segmentation that gives appropriate and positive result at the end. In this process, you need to divide the segment according to the areas so that you can easily provide the maximum benefits to customers. According to Demographics: This process divides the customers on the basis of the age, gender, nationality relationship status and educational status. In this process you can easily get the complete information about the interest of the customers and deliver the best product to them at lowest cost.
According to Interest: This also helps to deliver the maximum best products to customers on the basis of the interest. After collecting the Information about the demand of the products according to the areas or age group. Segmentation by Life style: This method also has some overlap with general demographics but the main fact is that this mainly approaches the customers on the basis of the characteristics. They mainly work on the basis of the income level, designation, family structure etc. this method also gives the positive result to you.
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