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Dilutes brand image and operation efficiency ? Logistical problems Presented by Zhou Yanfeng Business School, Zhongshan University 12 Levels of Market Segmentation: Micromarketing ? Individual marketing ? Tailoring products and marketing programs to the needs and preferences of individual customers ? Mass customization ? Custommade products ? Selfmarketing Presented by Zhou Yanfeng Business School, Zhongshan University 13 Segmenting Consumer Markets: Geographic Segmentation ? Divide market into separate geographic units ? Nations, regions provinces, cities, etc. ? Develop regional marketing programs Presented by Zhou Yanfeng Business School, Zhongshan University 14 Segmenting Consumer Markets: Demographic Segmentation ? Consumer patterns often follow their demographics ? Most popular method ? Easier to measure than most segmentation variables ? Needed for market size and access Presented by Zhou Yanfeng Business School, Zhongshan University 15 Segmenting Consumer Markets: Demographic Segmentation ? Age and lifecycle stage ? Wants and needs vary with stage ? Guard against stereotypes ? Gender ? Buying patterns frequently follow gender ? Ine ? Affluent to restricted ines Presented by Zhou Yanfeng Business School, Zhongshan University 16 Segmenting Consumer Markets: Psychographic Segmentation ? Lifestyle ? Reflected in purchases ? Personality ? Express who they are Presented by Zhou Yanfeng Business School, Zhongshan University 17 Segmenting Consumer M