Question: Consider the Rolex watch, which has a retail price range starting at about $4,000 for a stainless steel model to thousands of dollars for a

Consider the Rolex watch, which has a retail price range starting at about $4,000 for a stainless steel model to thousands of dollars for a solid gold model. How might the Rolex company use geodemographic clustering in its marketing efforts?

Step by Step Solution

3.36 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

First Rolex should identify the socioeconomic characteristics of the buyers of its ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

737-B-M-C-R (234).docx

120 KBs Word File

Students Have Also Explored These Related Marketing Questions!