Question: Which statement regarding when and how to segment markets is most accurate? Multiple Choice If a business firm goes to the trouble and expense of
Which statement regarding when and how to segment markets is most accurate?
Multiple Choice
If a business firm goes to the trouble and expense of segmenting its markets, it expects to increase its sales, profits, and return on investment.
Governments should not attempt market segmentation because the strategy is only applicable for consumer and organizational markets.
Even if a firm finds uniform needs across all users, it should take advantage of the method to avoid falling behind its competitors.
Market segmentation is only feasible for large corporations; small businesses don't have the resources to engage in the process.
Market segmentation strategies work less than percent of the time.
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