APPLICATION OF K-MEANS METHODS IN SEGMENTATION OF BUYERS ON THE FOOD PRODUCTS MARKET Cover Image

ZASTOSOWANIE METODY K-ŚREDNICH W SEGMENTACJI NABYWCÓW NA RYNKU PRODUKTÓW SPOŻYWCZYCH
APPLICATION OF K-MEANS METHODS IN SEGMENTATION OF BUYERS ON THE FOOD PRODUCTS MARKET

Author(s): Marek Angowski, Katarzyna Domańska, Tomasz Kijek
Subject(s): Business Economy / Management, Agriculture
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: Market segmentation; k-medium method; buyer profiles

Summary/Abstract: Knowing buyers' preferences and behaviors is a key factor of contributing to success of every business. Effective marketing requires precise segmentation, according to which a personalized market offer is created that takes into account the capabilities and needs of a specific consumers group. The k-means method is a research method that can be the basis for segmentation of buyers as it reflects consumer responses to individual variants or attributes of products. The purpose of the publication is to present the possibilities of application of the k-means method in the segmentation procedure in the food market. Keywords: Market segmentation, k-medium method, buyer profiles

  • Issue Year: XVIII/2017
  • Issue No: 4
  • Page Range: 521-530
  • Page Count: 10
  • Language: Polish
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