Search results
Results From The WOW.Com Content Network
In marketing, geodemographic segmentation is a multivariate statistical classification technique for discovering whether the individuals of a population fall into different groups by making quantitative comparisons of multiple characteristics with the assumption that the differences within any group should be less than the differences between ...
In mathematics, the map segmentation problem is a kind of optimization problem. It involves a certain geographic region that has to be partitioned into smaller sub-regions in order to achieve a certain goal. Typical optimization objectives include: [1] Minimizing the workload of a fleet of vehicles assigned to the sub-regions;
In marketing, geomarketing (also called marketing geography) is a discipline that uses geolocation (geographic information) in the process of planning and implementation of marketing activities. [1] It can be used in any aspect of the marketing mix — the product, price, promotion, or place ( geo targeting ).
Firmographics play crucial role in one of the most significant developments in business segmentation theory came in 1984 with the work of Bonoma and Shapiro who were the first to propose a truly multistep basis for segmenting business markets. They proposed the use of five general segmentation criteria which they arranged in a nested hierarchy.
Geographic location is equally as feasible as company size. It tells a company a lot about culture and communication requirements. For example, a company would adopt a different bidding strategy with an Asian customer than with an American customer. Geographic location also relates to culture, language and business attitudes.
Market segmentation is the process of dividing mass markets into groups with similar needs and wants. [2] The rationale for market segmentation is that in order to achieve competitive advantage and superior performance, firms should: "(1) identify segments of industry demand, (2) target specific segments of demand, and (3) develop specific 'marketing mixes' for each targeted market segment ...
Population geographyis the study of the distribution, composition, migration, and growth of human populations in relation to the geographic characteristics of specific area. It focuses on how populations are distributed across space, the factors influencing these distributions, and the implications for resources, environment, and societal ...
Market segmentation is a process, in which groups of buyers within a market are divided and profiled according to a range of variables, which determine the market characteristics and tendencies. [2] The S-T-P framework implements market segmentation in three steps: Segmenting means identifying and classifying consumers into categories called ...