Ask Question
BusinessBusiness
19 August, 01:44

Dividing a diverse market into groups of customers who share similar traits or characteristics is the process known as:

+1
Answers (1)
  1. 19 August, 02:10
    0
    Market segmentation

    Explanation:

    Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations. A market segment is a group of people who share one or more common characteristics, lumped together for marketing purposes.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Dividing a diverse market into groups of customers who share similar traits or characteristics is the process known as: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Certain practices in an industry or in a business relationship may be so obvious and pervasive that they are not included in contracts, but can be introduced into court. What are these? a. Prior dealing, course of performance, and sales brochures. b.
Answers (2)
According to David Ricardo, increases in government spending unaccompanied by tax increases will not necessarily increase aggregate demand because a. consumers will consume less and save more to prepare for increased taxes in the future. b.
Answers (1)
Ellen is very good at what she does, but she is constantly stressed by internal deadlines assigned to co-workers, obligatory meetings, and time lost in un-related idle cubicle chatter.
Answers (1)
Students who set exclusively outcome goals often experience decreases in their confidence when they fail to meet the goal and perceive this as a failure.
Answers (1)
Washington state had a bumper apple crop this year, significantly increasing the supply of apples in the U. S. Given this information, choose the statement that correctly describes the effect on the U. S. apple market.
Answers (1)
New Questions in Business
All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.
Answers (1)
Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.
Answers (1)
Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value? Choose one answer. a. pawnbroker b. credit card c. ATM d. payday loan
Answers (1)
Check My Work (1 remaining) Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports.
Answers (1)
CableVision has been approached by the City of Mirada to run its cable operations in 2020. After negotiating with key parties, CableVision has made the following agreements:It will offer Mirada residents a basic set of 25 cable television stations
Answers (1)
Home » Business » Dividing a diverse market into groups of customers who share similar traits or characteristics is the process known as:
Sign Up Forgot Password?