Ask Question
BusinessBusiness
14 August, 03:43

What is the name for a segment of a consumer market that has specialized product needs?

+5
Answers (2)
  1. 14 August, 03:53
    0
    Market segmentation is done in order similar consumers to be grouped and their needs to be served with a specialized marketing mix.

    Market segment is a segment of a consumer market that has specialized product needs. It is a subgroup of people that have similar characteristics and as a result similar product needs.
  2. 14 August, 03:56
    0
    Psychographic segmentation is used to define specialized product needs and is responsible for classifying attributes of the social class, economic level, preferences and special needs of specific products and their consumption habits. This is the market segmentation that classifies this type of needs.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the name for a segment of a consumer market that has specialized product needs? ...” 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
Which of the following is a series of organized activities working towards a particular goal? A) Nonprofit B) Campaign C) Public relations D) Promotions
Answers (1)
Standard Product Cost, Direct Materials Variance Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (2,300 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 3,800 lbs.
Answers (1)
Traveler's checks have no reserve requirements and are included in M1. When people travel during the summer and convert some of their checking account deposits into traveler's checks, explain what happens to the monetary base?
Answers (1)
At the end of the current period, Pronghorn Inc. had a projected benefit obligation of $369,000 and pension plan assets (at fair value) of $317,000.
Answers (1)
The preferred stock of General Motors pays an annual dividend of $1.6 forever. The appropriate discount rate is 7% per year. Attempt 1/3 for 10 pts. Part 1 What is the present value of all dividends
Answers (1)
New Questions in Business
During the past six months, 73.2% of US households purchased sugar. Assume that these expenditures are approximately normally distributed with a mean of $8.22 and a standard deviation of $1.10. 99% of the households spent less than what amount?
Answers (1)
You just inherited?$12 comma 00012,000. while you plan to squander some of it? away, how much should you deposit in an account earning 44?% interest per year if? you'd like to have?$12 comma 00012,000 in the account in 88? years?
Answers (1)
Inc.'s capital structure features 40 percent equity, 60 percent debt, and that its before-tax cost of debt is 9 percent, while its cost of equity is 15 percent. What will be TapDance's WACC? (Round your answer to 2 decimal places.) WACC %.
Answers (1)
Which of the following choices is NOT a use for project plans in the workplace? A. event planning B. teacher lesson plans C. architectural blueprints D. memos about new corporate meeting times
Answers (1)
Maria is worried about the representativeness of her study. she is conducting interviews, but each one seems to last at least 3 hours. given that she has one month to collect her data, what strategy might she use to increase her sample size?
Answers (1)
Home » Business » What is the name for a segment of a consumer market that has specialized product needs?
Sign Up Forgot Password?