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Market segmentation
- is the process of dividing and entire market up into different
customer segment .
Market positioning
- An effort to influence consumer perception of a brand or product
relative to the perception of competing brand or product.
Target Market
- Is the market a company wants to sell its product and service
to, and its include a target sets of customers for whom its
direct it, its marketing effort
Niche market
- Is a subset of the market on which a specific product is focused,
the market niche define as the product features aimed at
satisfying specific market needs
4.1.2 Explain the factors that determine the selection of a
market segment.
Location-based market
segmentation.
Consumer
demographic
4.1.3 Identify the relationship between market segmentation
and marketing objective.
PRODUCT
-Ski diving
-Hotel
-Tourist attraction
-Restaurant
SERVICE
-travel agency
-
4.1.6 Predict and rationalize potential features product or
service in tourism and hospitality.