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Chapter 2

The document discusses different types of consumer segmentation including geodemographic segmentation which uses location, demographics, and behavior to group consumers. It also discusses benefit segmentation which groups consumers based on the benefits they seek from products and services.

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Hayley Reddy
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3 views1 page

Chapter 2

The document discusses different types of consumer segmentation including geodemographic segmentation which uses location, demographics, and behavior to group consumers. It also discusses benefit segmentation which groups consumers based on the benefits they seek from products and services.

Uploaded by

Hayley Reddy
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

including education, income, self-confidence, health, eagerness to buy, and energy level, as

well as the consumer’s propensity to try new products.

Geodemographic Segmentation
• PRIZM®
• Location, demographics, and consumer behavior
• Lifestage groups
• Urbanization and affluence
• ConneXions
• P$YCLE

Geodemographic segmentation suggests that where a person lives helps determine his/her
consumption behavior.

PRIZM is the geodemographic segmentation system that divides US households into 66


segments using zip codes.

In addition to location, demographics, and consumer behavior, PRIZM examines whether


there are children in the household, socioeconomic rank, urbanization, technology adoption,
and wealth/income producing assets.

Benefit Segmentation
• Benefits sought represent consumer needs
• Important for positioning

Benefit segmentation is based on the benefits that consumers seek from products and
services. The benefits that consumers look for represent unfilled needs, whereas buyers’
perceptions that a given brand delivers a unique and prominent benefit result in loyalty to that
brand. Marketers of personal care products, such as shampoos, soaps, and toothpastes, create
different offerings designed to deliver specific benefits.

Source: Campbell Soup Company.

Expectations of Service Providers


• Social Benefits
– Recognized/known by staff
– Treated in a way that they feel important/friendship

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