The build-up method of market segmentation:
A) Considers a market to consist of customers that are all different, so here the task is to find similarities.
B) Adopts the view that the market is considered to consist of customers which are essentially the same, so the task is to identify groups which share particular differences.
C) Considers that the process of market segmentation requires high levels of financial and staff support to be effective.
D) Considers that market segmentation is a building process that takes an organization years to master and perfect.
Correct Answer:
Verified
Q1: The method by which whole markets are
Q3: To segment consumer good and service markets
Q4: Ultimately, managerial discretion and judgment determine which
Q5: This targeting approach recognizes that there are
Q6: Organizational characteristics concern the characteristics of buyers
Q7: Psychographic approaches rely on the analysis of
Q8: In order for market segmentation to be
Q9: A differentiated targeting strategy suits a firm
Q10: A perceptual map provides a valuable tool
Q11: Heritage and tradition is an example of
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