The VALS approach, as explained in the textbook, has proven to be an ineffective tool for categorizing American, Japanese and British consumers into various segments based on psychological characteristics and demographics.
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Q1: Segmenting based on very broad geographical or
Q2: Marriott's development of "Courtyard by Marriott" for
Q4: The firm "Cohorts" is a company that
Q5: Modern technology is bringing us close to
Q6: Target markets are drawn from segments.
Q7: Questions that test for segmentation might be:
Q8: Price segmentation is a form of psychographic
Q9: Some of the vacation target markets include
Q10: Geographic location is probably the original segmentation
Q11: The marketing truism that 20 percent of
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