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What is a market segmentation?

What is a market segmentation? Here are some definitions.

Noun
  1. (economics) The process of dividing a market into sub-groups of potential customers based on particular shared characteristics.
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Examples
Age alone is not usually a good basis for market segmentation.
Historically, the British newspaper market was industrialised, nationalised and centralised early, allowing market segmentation.
So even as marketers embrace market segmentation, they've begun looking for new research to explain how to operate in this older world.
The authors discuss how marketers can use experiential product design in market segmentation and innovation.
Without careful market segmentation and targeting, subsidized nets and insecticides may undermine the existing private sector or prevent the development of a commercial market.
But in the world of e-commerce, such crude market segmentation isn't necessary.

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