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Market Segmentation Theory
Market Segmentation Theory is one of the central ideas in marketing and strategic management because it begins with a simple but powerful observation: customers are not identical. They differ in age, income, lifestyle, culture, place of residence, consumption habits, values, and expectations. Because of these differences, businesses that treat all customers as one uniform mass often fail to meet real needs. Market segmentation offers a more practical approach. It divides the
1 day ago22 min read
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