You have contracted to buy a house for $250,000, paying $30,000 down and taking out a fully amortizing loan for the balance,
at a 5.7% annual rate for 30 years. What will your monthly payment be if they make equal monthly installments over the next 30 years (to the nearest dollar)?
Occasion segmentation refers to dividing your potential market into target groups based on different occasions that they might purchase your products. This segmentation technique is used when target groups are defined based on specific times that they can access or purchase your products.
In this case, the same products are offered to different target groups depending on when they will be available. Ellie sells fast food to university students during lunchtime (form Monday to Friday) and offers those same products but with a different packaging to its catering clients for special events.
