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... them operate. These products may include raw materials, electronic components, mechanical parts, office equipment, vehicles ore services used in conducting business. Many business marketers sell to resellers, such as retail businesses that resell to consumers. Example Levi Strauss advertises but sel ...
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... • Does Marketing CREATE or SATISFY NEEDS? • Marketing has often been defined in terms of satisfying customers needs and wants. Critics, however, maintain that marketing does much more than that and creates needs and wants that did not exist before. According to these critics, marketers encourage con ...
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Marketing of Cultural Heritage

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Chapter 1: What is Marketing?
Chapter 1: What is Marketing?

Document
Document

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Market segmentation

Market segmentation is a marketing strategy which involves dividing a broad target market into subsets of consumers, businesses, or countries who have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them. Market segmentation strategies are generally used to identify and further define the target customers, and provide supporting data for marketing plan elements such as positioning to achieve certain marketing plan objectives. Businesses may develop product differentiation strategies, or an undifferentiated approach, involving specific products or product lines depending on the specific demand and attributes of the target segment.
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