A manufacturer of dog biscuits would like to segment the market - HSC - SSCE Business Studies - Question 4 - 2010 - Paper 1
Question 4
A manufacturer of dog biscuits would like to segment the market.
Which of the following is a segmentation strategy that the manufacturer could implement?
(A) Sourcin... show full transcript
Worked Solution & Example Answer:A manufacturer of dog biscuits would like to segment the market - HSC - SSCE Business Studies - Question 4 - 2010 - Paper 1
Step 1
Promoting to high income consumers
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Answer
The correct segmentation strategy is promoting to high income consumers (Option B). This strategy is based on demographic segmentation, which involves targeting consumers based on their income level. By focusing marketing efforts on high income consumers, the manufacturer can differentiate its product offerings and tailor marketing messages that resonate with this specific group, ultimately aiming to increase market share in that demographic.