What are some effective case studies in market segmentation?
There are several notable case studies in market segmentation. For instance, Coca-Cola uses demographic and psychographic segmentation to tailor its marketing strategies.
Can you give me another example?
Sure! Nike segments its market based on lifestyle and athletic interests, allowing them to create targeted campaigns for different consumer groups.
How do these companies gather data for segmentation?
Companies often use surveys, social media analytics, and purchase history to gather data for effective market segmentation.
What are the benefits of market segmentation?
Market segmentation allows companies to better meet customer needs, improve marketing efficiency, and increase customer loyalty.
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