Compiled by Anthony Nuwagira

MARKETTING COURSEWORK

Market segmentation

Market segmentation is the process of splitting customers or potential customers within a market into different groups or segments within which customers have the same or similar requirements satisfied by a distinct marketing mix. Market segmentation is important to the marketing process because: -

  • It lets the business know what people want
  • The managers can organize customers in segments easily
  • It can help the business know the characteristics of customers in a given segment
  • It lets the companies deliver good quality products and services to customers which in turn gives a good repetition to the company
  • It lets the business know where to sell the products or service
  • It makes the business aware of the competitors
  • The business can be very successful making high profits since its delivering high quality products and services to the customers
  • Increased cash flow for the business if everything is going to plan
  • Reduction in expenses since there are less chances of going wrong
  • It can lead the company to involve itself in social activities if they are doing well and they want to give back to the public
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My chosen product, Persil performance (non-biological) is located in the “detergents” and “laundry” industry. It is mainly targeted at family washing done using automatic washing machines. The people most likely to use it are those with sensitive skins since its non-biological. It also contains a stain-removing preposition. The heavy users use three or more bottles a month, the medium users use two or more bottles a month and the light users use one or less bottles a month. The heavy users are families consisting of mother, father and atleast two children who wash heavily. The parents are averagely aged ...

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