Question: Question 4 1 pts Market segmentation is A process that involves segmenting prospective buyers into groups that have common needs and will respond similarly to

Question 4
1 pts
Market segmentation is
A process that involves segmenting prospective buyers into groups that have common needs and will respond similarly to a marketing action.
disaggregating prospective buyers from groups into segments of one (individuals) and then creating specific products that will satisfy this person's unique needs.
the philosophy that to do a truly excellent job of marketing, a company should concentrate on only one customer segment at a time.
the belief that it is possible to satisfy every customer's needs if you can identify the correct segment within which they belong.
Question 4 1 pts Market segmentation is A process that involves

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related General Management Questions!

Q:

5 . iSeeit!: Segmentation Process Skip to question iSeeit!: Segmentation Process Organizations segment markets so they can respond more effectively to the wants of potential buyers and increase...

Q:

Market segmentation is Group of answer choices sorting prospective buyers into groups that are willing to pay more than the cost of production for a good or service. the philosophy that to do a truly...

Q:

Required information Skip to question iSeeit!: Segmentation Process Organizations segment markets so they can respond more effectively to the wants of potential buyers and increase overall sales and...

Q:

5 . iSeeit!: Segmentation Process Skip to question iSeeit!: Segmentation Process Organizations segment markets so they can respond more effectively to the wants of potential buyers and increase...

Q:

5 . iSeeit!: Segmentation Process Skip to question iSeeit!: Segmentation Process Organizations segment markets so they can respond more effectively to the wants of potential buyers and increase...

Q:

Required information Skip to question iSeeit!: Segmentation Process Organizations segment markets so they can respond more effectively to the wants of potential buyers and increase overall sales and...

Q:

Required information Skip to question iSeeit!: Segmentation Process Organizations segment markets so they can respond more effectively to the wants of potential buyers and increase overall sales and...

Q:

Required information Skip to question iSeeit!: Segmentation Process Organizations segment markets so they can respond more effectively to the wants of potential buyers and increase overall sales and...

Q:

Required information Skip to question iSeeit!: Segmentation Process Organizations segment markets so they can respond more effectively to the wants of potential buyers and increase overall sales and...

Q:

1. The concept that describes the stages a new product goes through in the marketplaceintroduction, growth, maturity, and declineis called _____. A. the retail life cycle B. the product life cycle C....

Q:

What considerations help the audit firm decide whether it can effectively perform an audit?

Q:

McKenzie, Inc., reported EBIT of $8.5 million for last year. Depreciation expense totaled $5 million and capital expenditures came to $2 million. Free cash flow is expected to grow at a rate of 2.5%...

Q:

please, I NEED ANSWER FOR MAX 4 5 MINUTES, PLEASEEE: "Can be self assessment and self declaration be interpreted as more than rules but as principles, so legal principles? Any basis? In which field...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....