All of the Following Are Benefits of Following the ________

question 29

Multiple Choice

All of the following are benefits of following the ________ approach to target market selection: a strong knowledge of the segment's needs, a strong market presence, operating economies through specializing in production, distribution, and promotion.

• A) single-segment concentration
• B) selective specialization
• C) product specialization
• D) market specialization
• E) full market coverage

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Definitions:

QuickBooks

A comprehensive accounting software package developed by Intuit, designed for small to medium-sized businesses to manage payroll, inventory, sales, and other needs.

VMI

Vendor Managed Inventory, a supply chain practice where the supplier manages inventory levels for the customer.

CRM

Customer Relationship Management, a strategy for managing an organization's relationships and interactions with customers and potential customers.

FAIS

Stands for Fully Automated Installations System, but if this is not accurate, there might be different interpretations or it could be a less known or colloquial term.