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4 Segmentation, targeting and positioning

4 Segmentation, targeting and positioning

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The segmentation concept was first developed by Smith in 1957,1 and is con-cerned with grouping consumers in terms of their needs. The aim of segmentation is to identify a group of people who have a need or needs that can be met by a single product, in order to concentrate the marketing firm’s efforts most effectively and economically.

  Positioning, Segmentation, Targeting, Targeting and positioning

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