Marketers must know as much as possible about the markets they wish to serve. There are...
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Marketers must know as much as possible about the markets they wish to serve. There are two major markets in business, the consumer market and the business market. Because businesses can't fill the needs of every group, they must decide what groups to serve, and then develop products and services tailored to meet their needs. The consumer market consists of individuals buying goods for personal consumption. The business-to-business market (B2B) is comprised of individuals and organizations buying goods and services for use in conducting their business. The buyer's reason for buying, or in other words, the end use of the product, determines whether a product is a consumer good or a B28 good. The consumer market can be segmented in many ways since consumer groups differ greatly by age, education, income, and taste, and many other Vays. Match the situation being described with the correct term. Dr Pepper Consumer markot Justin Benefit segmentation CVS Caremark segmentation George Business market Old El Paso Volume egmantation Demoge Procter & Gamble segmentation Paychographe segmentation Exxon-Mobil Marketers must know as much as possible about the markets they wish to serve. There are two major markets in business, the consumer market and the business market. Because businesses can't fill the needs of every group, they must decide what groups to serve, and then develop products and services tailored to meet their needs. The consumer market consists of individuals buying goods for personal consumption. The business-to-business market (B2B) is comprised of individuals and organizations buying goods and services for use in conducting their business. The buyer's reason for buying, or in other words, the end use of the product, determines whether a product is a consumer good or a B28 good. The consumer market can be segmented in many ways since consumer groups differ greatly by age, education, income, and taste, and many other Vays. Match the situation being described with the correct term. Dr Pepper Consumer markot Justin Benefit segmentation CVS Caremark segmentation George Business market Old El Paso Volume egmantation Demoge Procter & Gamble segmentation Paychographe segmentation Exxon-Mobil
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The consumer market indeed refers to the market where consumers buy goods and services for personal ... View the full answer
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
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