The five-step process usually used for target market selection includes identifying the appropriate targeting strategy, determining which segmentation variables to use, developing market segment profiles, evaluating relevant market segments, and deciding which targeting strategy to use.
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Q3: A segmentation variable is used to group
Q7: An undifferentiated targeting strategy does not target
Q8: The ways in which customers use a
Q9: Lifestyle is a product-related variable.
Q11: One condition for effective segmentation is that
Q13: A company sometimes defines a total market
Q14: Segmentation variables are characteristics of individuals, groups,
Q17: Only one variable can be used to
Q19: A differentiated targeting strategy is when the
Q20: One problem with using psychographic variables for
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