Talbot's is a women's clothing store that offers classic fashions at a slightly premium price . During the process of market segmentation, Talbot's identified a group of consumers who are larger than average women yet still want stylish clothing. Further research into this segment revealed that these women tend to be between the ages of 35 and 50, are career-oriented, have a household income over $50,000, and are married with children under the age of 18 living at home. This women in this group are also heavy users of magazines and newspapers as well as prime-time television. Which step of market segmentation does this describe?
A) identifying product-related need sets
B) grouping customer with similar need sets
C) describing each group
D) selecting an attractive segment(s) to serve
E) profiling current customers
Correct Answer:
Verified
Q27: Which of the following is used to
Q28: The segment(s) within the larger market on
Q29: A shopper who cares about brand-name merchandise
Q30: As part of developing your company's marketing
Q31: Tracking consumers' online activity and delivering specific
Q33: Which of the following is a component
Q34: Which term reflects the fact that most
Q35: Carlos is attempting to segment the market
Q36: Smaller women like to purchase fashionable clothes
Q37: A portion of a larger market whose
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