What is open market segmentation?
Answers:
Different areas, groups of demographics, income, so on...
The cutback is broken down to industry sector and subsequently into their respective market. Market segmentation is a "segment"of that specific flea market for example:
Transportation Industry > Automotive Sector > Used Car Market > Salvage Segment ( Junkyards)
Hope that help.
Basically its defining who your customer is for your product. Then breaking that down into subgroups to better target your flea market and serve the specific wishes of respectively of those subgroups better near your marketing mix. For instance, a simple example, your customers may include both men and women, and you would market to both another way. This can be broken down further into age groups, geographic regions etc to the most specific characteristics, as long as you can mark out a group sizeable ample to be profitable. Marketers are other trying to refine it to better serve their customers, for competitive supremacy. Consumer Behavior is a specific nouns of marketing that tries to do this. Market segmentation is a precision approach fairly than a shotgun approach to serving your customers.