What are the criteria for effective segmentation? What variables do you think are most suitable for...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
What are the criteria for effective segmentation? What variables do you think are most suitable for segmenting the market for credi cards? What are the advantages of a differentiated approach to market targeting? When will focused market targeting be most appropriate? What factors should be taken into account when trying to develop a competitive position? Suggest the type of ways in which the concept of segment-of-one can be applied whe marketing to existing customers. What are the criteria for effective segmentation? What variables do you think are most suitable for segmenting the market for credi cards? What are the advantages of a differentiated approach to market targeting? When will focused market targeting be most appropriate? What factors should be taken into account when trying to develop a competitive position? Suggest the type of ways in which the concept of segment-of-one can be applied whe marketing to existing customers.
Expert Answer:
Answer rating: 100% (QA)
Criteria for Effective Segmentation 1 Measurable The segments should be identifiable and measurable in terms of size purchasing power and characteristics 2 Substantial The segments should be large eno... View the full answer
Related Book For
Posted Date:
Students also viewed these general management questions
-
(A) We are given three diffent vectors: A = 6-3, B=-11+5j and C = A + B. (1) C = 2, (2) C = 51, (3) C = 5 + 2), (4) C=7+8 What is C in component form? A. 3 B. 1 C. 4 D. 2 Using the same three vectors...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Hi there , I need help. for my work i need a relevant and well written introduction as well as conclusion to the following below. My work is complete i just need a introduction and conclusion please...
-
Multiple Select Question Select all that apply Identify what might happen if a particular department were eliminated. (Check all that apply.) Multiple select question. Many of the indirect expenses...
-
The principal-agent problem arises almost everywhere in the business world, and it also crops up even closer to home. Discuss the principal-agent problem that exists in the college classroom. Who is...
-
Outline a synthesis of propene from each of the following: (a) Propyl chloride (b) Isopropyl chloride (c) Propyl alcohol (d) Isopropyl alcohol (e) 1, 2-Dibromopropane (f) Propyne
-
Which of the following is true regarding the direct write-off method of accounting for uncollectibles? a. The direct write-off method does not adhere to GAAP. b. The direct write-off method does not...
-
Construct the project network for a project with the following activity list. Imnediate Predecessors Estimated Duration Activity 1 month 2 months 4 months 3 months 2 months 3 months 5 months 1 month...
-
Identify a social media area of interest or concern since 2018 to present time, it could be crisis communication, marketing campaign, gaming, dating app, privacy issue. Specify the case you are...
-
Looking for the financial analysis for Tesla for the first quarter Specifically, you must address the following rubric criteria: Financial Analysis: For this section, you will start with calculating...
-
Consider the following circuit: X y (i) Draw the truth table for the Boolean function F. (ii) Computer F as a Boolean expression of x and y. (iii) What is another name for the operation that F...
-
Earth s average diameter is 1 2 , 7 5 6 km and its mass is 5 . 9 7 x 1 0 kg . Based on these values, what is the acceleration due to gravity on the Earth s surface? Why does this differ from the...
-
The final assessment for this competency is to identify the various characteristics of financial accounting, demonstrate an understanding of how to prepare a comprehensive set of financial statements...
-
In 1 Earth year, how many orbits (trips around the Sun) will Mercury complete? What fraction of an orbit will Neptune accomplish? Explain.
-
The December 31, 2020 balance sheet of the ABC had Accounts Receivable of $760,000 and a credit balance in Allowance for Doubtful Accounts of $28,200. During 2021, the following transactions...
-
1) Do you find that social media ads work effectively for a brand? Either yes or no, you must present evidence to prove your answer. 2) Which social media channel/app do you find most effective for a...
-
Consider two events A and B. (a) Under what condition(s) is P(A) = P(A U B)? (b) Under what condition(s) is P{A} = P(An B)? (c) Under what condition(s) is P(A) = P(A/B}?
-
Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years. If they can earn 8 percent annually on their funds, how much do they need to save annually?
-
Explain how an organization can create a competitive advantage at the corporate strategy level and at the business-unit strategy level.
-
Conduct a brief technology assessment, determining the impact that technology has on your product, its sale, or use.
-
How can marketers use big data and marketing analytics to improve marketing strategies?
-
An axial flow fan balanced at one speed often exhibits substantial vibrational effects when operated at other speeds, mainly due to (a) primary critical speed effect (b) secondary critical speed...
-
In the case of an involute toothed gear, involute starts from (a) addendum circle (b) dedundum circle (c) pitch circle (d) base circle.
-
In the epicyclic gear train shown in the given Fig. \(33, A\) is fixed. \(A\) has 100 teeth and \(B\) has 20 teeth. If the arm \(C\) makes three revolutions, the number of revolutions made by \(B\)...
Study smarter with the SolutionInn App