You are an analyst in the marketing department for a major grocery store chain, and you recently submitted a report to your boss regarding potential market segments the company should consider targeting. Your boss just sent the report back to you with the following questions:
What are the strengths and weaknesses of the competitors who are also targeting these markets?
Does any firm dominate the market currently?
Can we create a compelling marketing mix to effectively compete for business in this market segment?
Based on the questions being asked, it appears your boss is using which one of the following segment evaluation approaches?
A) Company sales potential approach
B) SWOT analysis approach
C) Breakdown approach
D) Competitive assessment approach
E) Buildup approach
Correct Answer:
Verified
Q40: Surveys are sometimes used to forecast sales.
Q43: In a customer forecasting survey, a marketer
Q53: A firm ordinarily uses the same sales
Q57: Through market tests, a forecaster gains data
Q163: In your regular goods and services consumption
Q165: _ is a useful sales forecasting method
Q169: The marketer uses segmentation variables to divide
Q194: The target market selection process involves _
Q201: Like marketing research, sales forecasting utilizes a
Q202: If your firm uses a _ targeting
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