The document describes the market segmentation of an ice pop business located in Cartagena, Colombia. Geographically, the business is located in a coastal city with a warm climate, making ice pops an excellent product. Psychographically, ice cream and drinks can be consumed by people of all ages, sexes, tastes and countries, providing a broad potential market. Behaviorally, weather is a main influence on consumer behavior for an ice cream business. Demographically, most factors like religion, education level and occupation are not relevant to segmentation, but income level does influence what people can afford and reduces the number willing to consume higher cost products.
The document describes the market segmentation of an ice pop business located in Cartagena, Colombia. Geographically, the business is located in a coastal city with a warm climate, making ice pops an excellent product. Psychographically, ice cream and drinks can be consumed by people of all ages, sexes, tastes and countries, providing a broad potential market. Behaviorally, weather is a main influence on consumer behavior for an ice cream business. Demographically, most factors like religion, education level and occupation are not relevant to segmentation, but income level does influence what people can afford and reduces the number willing to consume higher cost products.
The document describes the market segmentation of an ice pop business located in Cartagena, Colombia. Geographically, the business is located in a coastal city with a warm climate, making ice pops an excellent product. Psychographically, ice cream and drinks can be consumed by people of all ages, sexes, tastes and countries, providing a broad potential market. Behaviorally, weather is a main influence on consumer behavior for an ice cream business. Demographically, most factors like religion, education level and occupation are not relevant to segmentation, but income level does influence what people can afford and reduces the number willing to consume higher cost products.
Geographic segmentation The geographic segmentation of my product is a
South America country placed on a coastal city called Cartagena in Colombia country. It’s a country of varied climate and specifically in the city of Cartagena is always warm which makes the sale of ice lollipops an excellent business option.
Psychographically the consumption of ice cream
Psychographic segmentation and refreshing drinks is difficult to segment because it is a product consumed by people of all ages, sexes, tastes and countries. This situation clearly provides an advantage in the market because the potential market is very broad
Behavioral segmentation Because the business consists of selling ice
cream, consumer behavior can be influenced mainly by external factors such as weather. Possibly turning the business into a popular place will have a constant flow of customers because it is the place that is in trend.
Demographic segmentation Demographically the market segmentation of ice
cream sales has many factors that have no relevance such as religion, race, educational level, occupation, nationality among others; This is because the consumption of soft drinks or foods in warm climates is almost a necessity, a factor to take into account and that influences the business is the income level of people, because they are palettes with a higher cost of the average which reduces the number of people willing to consume them