Market Segmentation Theory - EMKT503 Unit 6

Market Segmentation Theory - EMKT503 Unit 6

Market Segmentation is an important concept from Segmentation Decisions in EMKT503 Marketing Management.

Meaning

Segmentation divides a broad market into smaller groups with similar needs.

Key Features

• It supports marketing decision-making.
• It connects theory with practical business examples.
• It is useful for short notes and long subjective answers.

Marketing Example

A business can apply this concept while planning product, price, promotion, distribution, customer relationship or competitive strategy.

Exam Answer Format

Write meaning, features, example, application and conclusion.