All the following are common ways, in which a market can be segmented, except: Show  Q: Increased interest in fitness and healthy food habits is an example of a ....... trend. Select one:… A: 5. Increased interest in fitness and healthy food habits is an example of a ....... trend. Select… Q: Provide your answers and make at least four statements in a phrase to obtain 10 points and highlight… A: Segmentation means to divide the target market on the basis of common characteristics so as to… Q: Long-range marketing plans originate at the CMO level in companies, are directed at other… A: A marketing action program is the plan to establish and implement a marketing strategy. A marketing… Q: A market segment that the company serves is called _________. a. none of the choices is correct b. a… A: A market can be defined as an institution where a group of few individuals gathers to sell and… Q: Part 1: Competitive Advantages List the competitive advantages of the product, service, or… A: Competitive Advantage can be described as any advantage that a particular company gets over its… Q: Magazine brands are having a tough time. Sales are falling, and you only have to look at the latest… A: Answer: The question informs us about magazine brands that are going through a tough time because… Q: 9 Niche marketing offers smaller companies an opportunity to compete by focusing their limited… A: Answer- True! Niche marketing is an advertising strategy that focuses on a unique target market.… Q: 1. A good marketing team can help develop a positioning statement to help reach as much or the… A: Marketing is an important department in any organization because it is only through marketing that… Q: Choose a person whom you believe to be a true opinionleader. It might be a media celebrity, a… A: Opinion leaders have a lot of influence on the way consumers behave. Opinion leaders are the ones… Q: Tuff Tank's created a special tank for people in rural communities who are constantly dealing with… A: Introduction: Segmentation means dividing the total market into different subparts based on the… Q: While conducting your research and SWOT analysis for your social marketing campaign, you discovered… A: A social marketing campaign can be described as a marketing campaign in which the marketer focuses… Q: explain what is Ernst Engel’s Law. Further explain what is the rati0nale behind market segmentation?… A: Ernst Law is an market and consumer behavior theory which was given by a German Statistician Ernst… Q: 1. What are the advantages of following and applying the advanced online research techniques? Cite… A: Research is an art of scientific investigation. Research is the stepping stone for the solution of… Q: __________ REFERS TO MULTIPLE UNRELATED GROUPS OF CUSTOMER SEGMENTS WITH VERY DIFFERENT NEEDS AND… A: The concept of diversified market is related to multiple unrelated groups of segments of customers,… Q: A start-up company wanted to compete with big companies in terms of awareness in search engine… A: A robust digital marketing strategy is the best as well as most efficient approach to grow your new… Q: Which of the following is not a misconception quoted by Goldy Hyder, Business Council of Canada. O… A: Goldy Hyder, the President and CEO of business council of Canada, has described the misconceptions… Q: Describe the interrelationships among customer perceived value, custome satisfaction, and customer… A: A business is formed when a group of people come together to achieve a certain objective. This… Q: provide an explanation regarding the ways (plural) in which marketing can be more effectively… A: The article brilliantly discussed the word Code which is the significance of unconscious meaning… Q: What are the Bartleby main benefits for users like me? A: Bartleby.com can help the students in the following ways- Q: If you were working for a small-to-midsize company, what could you do to conduct marketing research… A: Marketing Research- It is the process of evaluation of flexibility and feasibility of new products… Q: 5. An entrepreneur must strike an excellent balance between being a(n) a. accountant and marketer b.… A: The person who owns a business and conducts business activities to earn more and more profit is… Q: How is the Five-C framework similar to the Five Forces framework originated by Michael Porter?… A: The Five C’s framework is powerful, and it impacts a company’s culture where it helps in getting the… Q: Bombay Gifts divides its markets into units of nations, regions, and cities. Bombay uses geographic… A: Yes, Its True Geographic segmentation is a component that competently complements a marketing… Q: The final step in the marketing process is ________. a. Understanding the marketplace. b. Building… A: The core activity of a business are production where the value is produced and marketing where the… Q: Give three examples of how technology has benefited marketers. Also, give several examples of how… A: Technology plays a vital role in marketing. It is a strategic tool to increase overall efficiency in… Q: Which of the following is a market risk associated with taking up sustainability initiatives? a.… A: Market risk is the risk of losing money on financial assets due to market fluctuations. Changes in… Q: Of the following, which is an accurate statement?a. Since 1960, the economic situation for the… A: There are 4 statements provided regarding US population and its conditions from past few years. The… Q: Market segmentation entails a deliberate attempt to identify market(customers) with homogeneous… A: Segmentation of market can be explained as dividing the buyers into various groups or segments on… Q: You are starting up an online platform which is an online market- place for pre-owned two wheelers.… A: You maintain that your website should appear when people search for secondhand bikes, and that it… Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below. SEE MORE QUESTIONS Recommended textbooks for you Principles Of Marketing ISBN:9780134492513 Author:Kotler, Philip, Armstrong, Gary (gary M.) Publisher:Pearson Higher Education, Marketing ISBN:9781259924040 Author:Roger A. Kerin, Steven W. Hartley Publisher:McGraw-Hill Education Foundations of Business (MindTap Course List) ISBN:9781337386920 Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor Publisher:Cengage Learning Marketing: An Introduction (13th Edition) ISBN:9780134149530 Author:Gary Armstrong, Philip Kotler Publisher:PEARSON MKTG 12:STUDENT ED.-TEXT ISBN:9781337407595 Author:Lamb Publisher:Cengage Contemporary Marketing ISBN:9780357033777 Author:Louis E. Boone, David L. Kurtz Publisher:Cengage Learning Principles Of Marketing ISBN:9780134492513 Author:Kotler, Philip, Armstrong, Gary (gary M.) Publisher:Pearson Higher Education, Marketing ISBN:9781259924040 Author:Roger A. Kerin, Steven W. Hartley Publisher:McGraw-Hill Education Foundations of Business (MindTap Course List) ISBN:9781337386920 Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor Publisher:Cengage Learning Marketing: An Introduction (13th Edition) ISBN:9780134149530 Author:Gary Armstrong, Philip Kotler Publisher:PEARSON MKTG 12:STUDENT ED.-TEXT ISBN:9781337407595 Author:Lamb Publisher:Cengage Contemporary Marketing ISBN:9780357033777 Author:Louis E. Boone, David L. Kurtz Publisher:Cengage Learning What is a sociocultural segment?THE SOCIOCULTURAL SEGMENT. The sociocultural segment is concerned with a society's attitudes and cultural values. Because attitudes and values form the cornerstone of a society, they often drive demographic, economic, political/legal, and technological conditions and changes.
What are the base of segmentation?There are three main types of segmentation bases. Each works well with different businesses and industries, so it's essential to consider your options before deciding on the best for your needs. The three main types of market segmentation are demographic, psychographic, and behavioral.
Which of the following is not a basis for market segmentation?Technology Oriented Segmentation is not a valid basis for segmentation.
Which of the following is not considered one of the criteria for a useful market segmentation strategy?Answer and Explanation: The correct answer is C. Competitive position. A competitive position is not an evaluation criteria when considering market segmentation, although improving a company's competitive position is an expected outcome and reason for considering segmenting customers into groups.
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The following are all examples of bases for sociocultural segmentation except
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