Market segmentation s a natural result of the vast differences among people.
Sentiment: POSITIVE
The world of marketing is all about trends and the ability of marketers to identify and cultivate them.
I think every market has lot of things in common, and at the same time, every market has lot of different things.
When you know who your customers are, that can give you an edge on the competition.
Markets change, tastes change, so the companies and the individuals who choose to compete in those markets must change.
Markets work when people can evaluate the prices and risks of different products, then pick the ones that work best for them. But when the terms of the deal are hidden, competition doesn't work. And customers aren't the only ones who are hurt.
People are realistic enough to appreciate what the market values of different people are.
Market type determines the startup's customer feedback and acquisition activities and spending. It changes customer needs, adoption rates, product features, and positioning as well as its launch strategies, channels and activities.
Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.
The cold, commercial word 'market' disguises its human character - a market is a collection of our aspirations, exertions, choices and desires.
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