Discuss criteria for successful market segmentation

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Reference no: EM131261965

Discuss criteria for successful market segmentation. Successful market segmentation depends on four basic criteria:

(1) a market segment must be substantial and have enough potential customers to be viable;

(2) a market segment must be identifiable and measurable;

(3) members of a market segment must be accessible to marketing efforts; and

(4) a market segment must respond to particular marketing efforts in a way that distinguishes it from other segments.

1. As a marketing consultant for a chain of hair salons, you have been asked to evaluate the kids' market as a potential segment for the chain to target. Write a memo to your client discussing your evaluation of the kids' segment in terms of the four criteria for successful market segmentation.

Reference no: EM131261965

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