Question: The following statements describe segmentation practices. Choose the CORRECT statement. Sun + New Cr 2 8 4 , 0 0 3 a ) Coach segmented

The following statements describe segmentation practices. Choose the CORRECT statement.
Sun
+
New Cr
28
4,003
a) Coach segmented the US market by region and customized its product assortment in each region. For example, Coach shops in Manhattan are more likely to offer their old products with the large "C" pattern, which is their signature logo. Conversely, Coach shops in Queens and Staten Island are more likely to cany their newer products that have a more subtle brand logo.
b) Companies should segment their market in a way that the similarity within a segment is low and the similarity between segments is high.
c) When segmenting the market, marketers usually limit their segmentation analysis to one segmentation variable rather than using multiple variables.
d) Walmart segmented the US market by region and tailored its product assortment based on
the local market. This localization strategy incurred additional costs for Walmart and diluted the brand image centered on low prices.
e) All of the above statements are correct.

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!