Identifying market segments helps a business to develop which factors appropriately?
Answer
Marketing strategies
Economic forecasts
Organizational records
Leadership styles
Question 2
Question
When the Green Company selected its target market, it decided to ignore the segment differences and generate appeal with one offer. The company is using which marketing strategy?
Answer
Isolated
Niche
Individual
Mass
Question 3
Question
Selecting a target market based on very specific criteria that limit the audience to a well-defined segment is an example of which strategy?
Answer
Target auditing
Market planning
Income segmenting
Niche marketing
Question 4
Question
When a business selects a target market, the most useful or desirable market segments to the business are those that are measurable and identified as which characteristic?
Answer
Accessible
Undifferentiated
Concentrated
Inflexible
Question 5
Question
A business identifies a market that shares common characteristics on the basis of where people live and work. This is an example of market identification by which segmentation?
Answer
Demographic
Geographic
Ethnicity
Values
Question 6
Question
Businesses that segment the market based on psychographics are grouping people according to which attribute?