What is a financial Benefit to a business of using Market Segmentation?

By producing for different segments businesses are able to gain more revenue

Customers could be more loyal to a business as a product will feel tailored to them

Promotional material will not be wasted on those who product is not relevant to

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Market Segementation

Noah Swanson 4 preguntas 1.129 visitas 3,7 (10 valoraciones)

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1What is a financial Benefit to a business of using Market Segmentation?
1. ABy producing for different segments businesses are able to gain more revenue
2. BCustomers could be more loyal to a business as a product will feel tailored to them
3. CPromotional material will not be wasted on those who product is not relevant to
2When considering selling ice cream to select countries worldwide which segment group would be most appropriate?
1. ADemographic
2. BGeographic
3Selling bespoke suites is a mass market
1. AVerdadero
2. BFalso
4Businesses waste promotional resources by not targeting a select market segment
1. AVerdadero
2. BFalso

Descripción: A market segmentation quiz based on the Edexcel IGCSE Business Studies Syllabus
Autor: Noah Swanson
Idioma: English
Visitas: 1.129
Etiquetas: edexcel igcse business marketing market segementation market segmentation demographic geographic gcse business marketing igcse
Valoración: 3,7 de 5 · 10 valoraciones
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