1. Market Segmentation - STP Model
This essay is firstly going to define what market segmentation is, it is then going to describe the stages of the segmentation, targeting and positioning model. To explain the STP model this essay will put it into context by applying it to the Arcadia group, and then going through the stages of the model in terms of how the Arcadia would use it. ... When the list of target markets is made, a company will start to decide on the marketing mix they use for each segment. ... The STP model helps a firm differentiate marketing mixes for each of their segments. Even though it is an expensive process...
- Word Count: 854
- Approx Pages: 3
- Grade Level: Undergraduate