Core Concepts of Marketing by John Burnett - HTML preview

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CHAPTER 2

UNDERSTANDING AND APPROACHING THE MARKET

Bases for Segmentation

Primary Dimension

Consumer Market

Industrial MarKet

Characteristics of

Geography, age, sex, race,

Industry (S IC), location, size,

person or organization

income, life cycle ,

technology, profitability,

personal ity, lifestyle

legal, buying situation

Purchase situation

Purpose, benefits, purchase

Volume, frequency, application,

approach, choice criteria,

choice criteria, purchasing

brand loyalty, importance

procedure, importance

FIG URE 2.2

Bases for Segmenting Markets: Consumer and Industrial Markets

In line with these basic differences we will first discuss the bases for segmenting ulti-

mate consumers followed by a discussion of the factors used to segment industrial users.

Seg menting Ultimate Consumers

Geographic Segments

Geography probably represents the oldest basis for seg-

mentation. Regional differences in consumer tastes for products as a whole are well-known.

Markets according to location are easily identified and large amounts of data are usually

available. Many companies simply do not have the resources to expand beyond local or

regional levels ; thus, they must focus on one geographic segment only. Domestic and for-

eign segments are the broadest type of geographical segment.

Closely associated with geographic location are inherent characteristics of that loca-

tion: weather, topography, and physical factors such as rivers, mountains, or ocean prox-

imity. Conditions of high humidity, excessive rain or draught, snow or cold all influence

the purchase of a wide spectrum of products . While marketers no longer segment markets

as being east or west of the Mississippi River, people living near the Mississippi may con-

stitute a viable segment for several products, such as flood insurance, fishing equipment,

a n d dredging machinery.

Population density can also place people in unique market segments. High-density

states such as California and New York and cities such as New York City, Hong Kong, and

London create the need for products such as security systems. fast-food

and

public transportation .

Geographic segmentation offers some important advantages. There is very little waste

in the marketing effort, in that the product and supporting activities such as advertising,

physical distribution, and repai r can all be directed at the customer. Further, geography pro-

vides a convenient organizational framework . Products, salespeople, and distribution net-

works can all be organized around a central, specific location.

The drawbacks in using a geographic basis of segmentation are also notable. There

is always the obvious possibility that consumer preferences may (unexpectedly) bear no

relationship to location. Other factors , such as ethnic origin or income, may overshadow

location. The stereotypical Texan, for example, is hard to find in Houston, where one-third

of the population has immigrated from other states. Another problem is that most geographic

areas are very large, regional locations. It is evident that the Eastern seaboard market con-

tains many subsegments . Members of a geographic segment often tend to be too hetero-

geneous to qualify as a meaningful target for marketing action.

Demographic Segments

Several demographic characteristics have proven to be par-

tic ularly relevant when marketing to ultimate consumers. Segmenting the consumer mar-

ket by age groups has been quite useful for several products. For example, the youth market

(approximately 5 to 13) not only influences how their parents spend money, but also make

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APPROACHING THE MARKET

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AD 2.3

The focus is on the pre-teen to young adult segment, assuming they will test prod-

uct features at the store.

purchases of their own. Manufacturers of products such as toys, records, snack foods, and

video games have designed promotional efforts directed at this group. More recently, the

elderly market (age 65 and over) has grown in importance for producers of products such

as low-cost housing,

hobbies, and health care.

Gender has also historically been a good basis for market segmentation. While there

are some obvious products designed for men or women, many of these traditional bound-

aries are changing, and marketing must apprise themselves of these changes. The emer-

gence of the working women, for instance, has made determination of who performs certain

activities in the family (e.g., shopping, car servicing), and how the family income is spent

more difficult. New magazines such as Men's Guide to Fashion, Modem Black Man, Sports-

wear International, NV, and Vibe indicate how media is attempting to subsegment the male segment. Thus, the simple classification of male versus female may be useful only

sev-

eral other demographic and behavioral characteristics are considered as well.

Another demographic trait closely associated with age and sex is thefamity life cycle.

There is evidence iliat, based on family structure (i.e., number of adults and children), fam-

ilies go through very predictable behavioral patterns. For example, a young couple who have

one young child will have far different purchasing needs than a couple in their late fifties

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