A) Segmentation means that the market is divided into parts, which are identified, accessible, viable and profitable and has a growth potential. In other words, the company believes it is impossible to target the entire market due to lack of time, cost and effort. It needs a targeted segment- a mass of people who can be identified and targeted with reasonable effort, cost and time. Segmenting the market place correctly can make the difference between successes and shut down for a company.
M&S also bases its market segmentation through value, many products in M&S's clothing range have a premium-priced, high quality segment (M&S, Clarks, faith) a mid-priced segment (top shop, River Island) and a lower price segment e.g. shoes.…