Categories

Benefit segmentation

October 10,2015 in Glossary | 0 Comments

Benefit segmentation is the process during which a market is being divided based on the specific benefits that consumers seek in a product.

For example, some buyers of cars look for safety and security from their car, while others need comfort or even speed. Therefore a car manufacturer should decide which benefits to offer and how to communicate them to the customer.

Was this article helpful?

Support us to keep up the good work and to provide you even better content. Your donations will be used to help students get access to quality content for free and pay our contributors’ salaries, who work hard to create this website content! Thank you for all your support!

Reaction to comment: Cancel reply

What do you think about this article?

Your email address will not be published. Required fields are marked.