For this task, you will determine how to identify different types of market segments and consider the best marketing strategies for reaching them.
First, read Chapter 2 in Consumer Behavior and the case study article Under Armour’s Willful Digital Moves. In your post, address the following:
- In the case study article, what market segments were identified and what segmentation strategies were implemented?
- What do you believe are four to five key points to remember when implementing segmentation strategies?
- Identify a new market segment that you have noticed recently (during your own shopping experience online, in a commercial ad, or in a secondary resource such as a magazine) that you believe would be a great market to explore. How might you create a segmentation strategy to reach this new market segment?