The 10 most important points:
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Knowing what a customer is.
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Knowing the relation between customers and markets.
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Being able to delimit markets regionally.
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Being able to distinguish B2B and B2C markets.
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Being able to classifiy customers according to business sectors and industries.
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Knowing the difference between mass and niche markets.
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Being able to distinguish diversified and undiversified market segments.
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Knowing important criteria that allow B2B markets to be segmented.
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Knowing important criteria that allow B2C markets to be segmented.
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Describing your customers in detail according to aforementioned criteria.