Explain market segmentation variables.

Prior to beginning this discussion, please read Chapter 7: Segmentation, Targeting, and Positioning. Global marketers must know whether a standardized or an adapted marketing mix is required to best serve consumer wants and needs. By performing market segmentation, marketers can generate the strategic insights needed to devise the most effective approaches.

The process of global marketing segmentation begins with the choice of one or more variables to use as a basis for grouping customers. In your initial post, Explain market segmentation variables, and use a company as an example for that type of segmentation.

Explain what variables were used by your mentor company (chosen during your Week 2 Global Marketing Plan Part 1 assignment) for segmenting the market, and discuss your rationale for each.

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