As an intern with the local home builder’s association, you have been asked to analyze the state of the local housing market, which has suffered during a recent economic crisis…..
what should you advise Mr. Demeketo use as a base for segmenting? Why?
- Mr. Demeke Endalamaw wants to segment markets in order to serve customers as per their interest. For the purpose of dividing up buyers, he begins his work by conducting marketing survey on customers thinking, attitudes and buying motives. Upon his marketing survey, some of them are crazy for novel design or products of new fashion that may increase their prestige in the society and the motto of some of other customers is simple living and high thinking and they never aspire for showy-items. Some of the customers are family oriented and want to spend their time and money on family issues. Finally, he becomes confuse on which bases/s to use for segmenting the buyers and he needs your advice. So, what should you advise Mr. Demeketo use as a base for segmenting? Why?