The concept of being "substantial and profitable" as a prerequisite for market segmentation refers to the fact that:
A) the customers in the segment should react similarly and positively to the firm's offering.
B) segments should be accessible to the firms through persuasive communications and product distribution.
C) segments should be distinct from one another for the firm to be able to design products or services to meet their needs.
D) segments and their buying power should be high enough to generate substantial returns from the market.
E) segments should overlap each other to a great extent to facilitate the easy support of
Marketing mix activities.
Correct Answer:
Verified
Q42: A company that sells shoes has a
Q43: A company launches a wide range of
Q44: A marketing strategy of selecting a single
Q45: A company has launched a milk beverage
Q46: A local bakery customizes its pastries and
Q48: A large passenger-ship company targets only older,
Q49: Kooky is a company that sells clothes.It
Q50: A neighbourhood tailor makes clothes according to
Q51: Customer lifetime value (CLV) refers to the:
A)sum
Q52: Sturdy International sells its helmets to everyone
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents