1. What are the different
levels of
Market segmentation?
By
Sanchit Aggarwal
Birla Institute of Technology and
Science
Pilani-K.K Birla Goa Campus
2. The process of dividing
and subdividing a large
homogenous market
into clearly identifiable
segments having
similar needs, wants
and demand
characteristics
What is marketing segmentation?
3.
4. Why segmentation?
• To develop marketing activities
• Increase marketing effectiveness
• Generate greater customer satisfaction
• To identify strategic opportunities and niches
• Allocation of marketing budgets
• Adjustment of product to the market need
15. Socio-economic classification
• Developed under the initiative of the
Marketing Research Society of India(MRSI) to
classify the urban and rural household
• Urban system-the education level and the
occupation of the head of the household as
variables
• Rural system-uses education level of the head
and the type of dwelling that the household
lives in as variables
19. Psychographic
• VALS system of
classification provides
a dynamic
framework of values
and lifestyles; which
helps to explain why
people act as they do
as social groups and
as consumers.
• Dimensions of VALS
system are consumer
motivation and
resources
25. Strivers
They are trendy
fun loving people
who are resource
constrained.
They prefer stylish
products that
emulate the
purchases of
those with great
material wealth.