
Market segmentation is one of the most important foundations of marketing strategy. It divides the overall market into smaller, clearly defined submarkets, known as segments. The segmentation is based on characteristics such as demographic data (age, income), geographical conditions or psychographic characteristics (lifestyle, motivation). This allows a company to tailor its marketing activities and products to the needs and wishes of the respective target group, thereby increasing its efficiency. Special evaluation requirements can be met by add-ons such as the Versino Financial Suite that enable advanced financial analyses.
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