Customer Segmentation as an Invaluable factor in Marketing Consumers are the main source of sustenance for any business organization. Keeping them satisfied and meeting their renewed needs helps the business grow. Since the customers are people with heterogeneous demands the necessities, they require changes from person to person. Satisfying everyone together is not a simple process, as a result they need to be divided into groups based on similar characteristics. This is known as Customer Segmentation. The prospective customers are divided into segments based on similarities. This division is made based on the needs, age, income, family size, gender, geography, demands, consumption, spending, lifestyle and shopping behaviors. The identification of ideal customers leads to grouping them into potential segments or existing segments that allow the organizations to focus on providing better services. Significance of Customer Segmentation Customer Segmentation helps Business ...