Asked by Jessica Sheppard on May 17, 2024
Verified
Assume you are the marketing consultant for your university, which wants to focus its marketing efforts on recruiting new students. You have a choice of segmenting the undergraduate student market on either a demographic or benefit basis. What is the difference between the two? Which would you recommend, and why?
Demographic
Pertains to specific characteristics of populations, such as age, gender, income level, and education, which are used for marketing and social research.
Benefit Basis
The underlying advantages or favorable aspects upon which decisions or actions are based.
- Identify the significance of dividing the market into segments and choosing a strategy to focus on a specific target group.
- Make distinctions among the array of segmentation bases (demographic, psychographic, geodemographic, behavioral) and their practical applications.
Verified Answer
RT
Rinaih TorresMay 19, 2024
Final Answer :
Answers will vary by the type of institution. Potential students could be segmented demographically by age, gender, or income. Knowing what past students valued by demographic characteristics would allow the university to create targeted messages for each demographic group. Benefit segmentation would divide students on the basis of what they expect or want from an education: jobs, prestige, social interaction, entry into graduate school, etc. While this would be useful in developing a marketing campaign, it might be difficult to identify potential students who seek the various benefits. If possible, a combination of the two bases could be used to develop a strong marketing campaign.
Learning Objectives
- Identify the significance of dividing the market into segments and choosing a strategy to focus on a specific target group.
- Make distinctions among the array of segmentation bases (demographic, psychographic, geodemographic, behavioral) and their practical applications.
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