In an approximately 500-word response, address the following issues/questions:
- Critically evaluate two variables/criteria that are often used in consumer segmentation.
- Segment a market of your choice and describe the derived groups (the segmentation should be theoretical and should be based on secondary sources and your personal and professional experience-no data collection is needed).
- In formulating your Key Concept Exercise, consider the following questions:
- What are the criteria/variables used for segmenting consumer markets?
- What segmentation tools can you apply in a consumer market?