What are the qualities of useful market segments?

What are the qualities of useful market segments?

A market segment must have the following qualities;

Segments must have enough profit potential to justify developing and maintaining
Consumer must have heterogeneous needs for the product
Segmented consumer needs must be homogeneous
Company must be able to reach a segment with its planned efforts. Must be able to measure characteristics & needs of consumers to establish groups.
What can be the bases for - Product/Services, Personnel and Image Differentiation
Product differentiation / Services Differentiation - Modify the objective properties of the products or services, Personnel Differentiation, Image differentiation....
What is PLC? Explain the stages of PLC?
The different stages in a product life cycle are: Introduction stage, Growth stage, Maturation stage and Decline stage....
What are the common patterns observed in PLC?
The most important patterns observed in product life-cycles are - even under normal conditions, patterns often can’t be determined.....
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