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James is a young child and he has just learned something very interesting. He learned that his pet named Rover and the neighbour's pet named Lassie are both examples of the same category-dogs. This reflects Piaget's concept of
Market Segmentation
The practice of dividing a target market into distinct groups of consumers with similar needs or characteristics for more effective marketing.
Geographic Segmentation
The process of dividing a market into segments based on the geographic locations of consumers, such as countries, states, or cities.
Demographic Segmentation
The division of a market into segments based on variables such as age, gender, income, occupation, and education.
Market Segmentation
The process of dividing a market of potential customers into groups, or segments, based on different characteristics like demographics or buying behavior.
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