Question: The most profitable companies use which technique to segment the market. psychographic analysis demographic profiling geographic segmentation

The most profitable companies use which technique to segment the market.

psychographic analysis

demographic profiling

geographic segmentation

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:

When the term "market segmentation" is used, most of us immediately think of psychographics, lifestyles, values, behaviors, and multivariate cluster analysis routines. Market segmentation is a much...

Q:

write an An article critique which includes main parts: 1. Introduction 2. Summary 3. Critique 4. Conclusion segmentation, the company tends to put coffee houses in upscale areas of town near...

Q:

Marketing Segmentation, Targeting, and Positioning (STP) In order to be an effective and efficient business, firms should seek out their target customer market. A good understanding of the principles...

Q:

Outline: Introduction: Understanding the lmportance of the Marketing Process Practice Activities: 1. Identifying Market Segments A Closer Look. Voluntrip-Traveling for a Cause 2. Identifying a Target...

Q:

Geographic segmentation: Geographic segmentation is done based on variables like city, country, or region. In the case of Kathmandu, we will select the city or places which are tourist destinations...

Q:

Answer: Macrolevel Segmentation Factors:Geographic Segmentation: BioNeutra can segment its market based on geographic factors such as location, climate, and population density. This segmentation is...

Q:

INTRODUCTION: Understanding the Importance of the Marketing Process The marketing process is the process a business follows to formulate a clear direction and a unified goal for all its marketing...

Q:

What would the executive summary be for this project? 12 v/ A BI U Dv Av ... v Ov U V Promotion -Veronica To promote our products, we can use direct advertisements by reaching out to restaurants to...

Q:

Required information Skip to question Outline: Introduction: Understanding the Importance of the Marketing Process Practice Activities: 1. Identifying Market Segments A Closer Look:...

Q:

Required information Skip to question Outline: Introduction: Understanding the Importance of the Marketing Process Practice Activities: 1. Identifying Market Segments A Closer Look:...

Q:

Given that the balance in the Allowance for Doubtful Accounts is $300 credit, prepare adjusting entries for bad debts based on the following assumptions: a. Bad debts are to be 5% of net credit...

Q:

A computer company conducted a new and improved course designed to train its service representatives in learning to repair personal computers. One hundred trainees were split into two groups on a...

Q:

three examples of government and not - for - profit funds

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...