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Market Segmentation

Tutorial Question Topic coverage: Market Segmentation Market Targeting Market Positioning Essay Question: What is market segmentation? Explain what markets and market segments mean. Explain the bases for segmenting business or industrial markets. Give examples to illustrate your answer. Describe the strategies for selecting target markets. You are the marketing manager of a denim company. Prepare a report for the Marketing Department on how the three different brands of jeans that they sell may be positioned. Also explain how each position is communicated to the target audience.