Question

Forbes, fortune, and similar types of magazines often contain ads for rolex watches, bmw automobiles, and other luxury items. advertisers are trying to reach a market segment based on

Answer 1

This is based on income. Income segmentation is when the consumers are segmented as per the yearly or regular income they are making. Income segmentation is best suitable for merchandises which are very exact, position and are valued high. It helps businesses to comprehend the relation between the making of a customer, the value being vacant by the company and the number of possible customers that a business can have.