Market Segmentation and 4 Ps

Essay from the year 2011 in the subject Business economics - Offline Marketing and Online Marketing, grade: A, University of South Central Los Angeles, course: Principles of Marketing , language: English, abstract: Market segmentation allows an enterprise to identify the race-the segment-it can win with its car. Once a segmented to be targeted has been identified, appropriate configuration of the offer through the marketing mix will help the company gain the marketing advantage with the right product at the right place and promoted in the right way. As markets are not static but dynamic, competitiveness relies also on the capability of the company to be alert to changes affecting the target segment in order to adapt the 4Ps accordingly and at the same time to ensure production differentiation.