Some market segments are referred to by acronyms and initials:
List of abbreviations for market segments
Customer segments
- DINKY â Double income no kids
- SOHO â Small office, home office
- VSB â Very small business
- SMB â Small medium business / SME â Small and medium enterprise
- VALS â Values attitude and life-styles
- LOHAS â Lifestyles of health and sustainability
- LOVOS â Lifestyle of voluntary simplicity
- OINKY - One income no kids yet
- SAM â Segmented addressable market
- VLE â Very large enterprise
- Kippers â Kids in parents' pockets eroding retirement savings
Market/product segments
- BPO â Business process outsourcing
- Comms â Communications sector
- DIY â Do It yourself market
- FMCG â Fast-moving consumer goods
- FSS â Financial services sector
- HoReCa â Hotel, restaurant, café
- H&LS â Health and life sciences
- ICT â Information & communication technology
- RPO â Recruitment process outsourcing
- ECS - Engineering and Construction Services
References