Business and Enterprise

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Definitions

Segmentation - Braking a whole market into segments.

Demographic/socioeconomic - Segmenting a market based on traits, values, attitudes and interests. It looks at the customer's lifestyle.

Behavioral Segmentation - Dividing whole market into groups on knowledge, attidudes and reactions to a product.

Product - related segmentation - Dividing the market base on the relationships of the product.

Quantitve data - Certain amount or range of data.

Qualitive data - Information that can't actually be measured.

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