A Winery Sees the Market in Three Distinct Segments Based

question 42

Multiple Choice

A winery sees the market in three distinct segments based upon usage of wine;a dog food manufacturer sees the dog food market in 12 segments;Toyota offers 17 different models ranging from a two-seater sports car to the Avalon luxury car.These are all examples illustrating how:

• A)marketers can take advantage of differences between market segments,simply by a conceptual analysis of differences in the marketplace.
• B)marketers should search for all differences between each of their products or services.
• C)marketers could take better advantage of differences between market segments if they had a method of determining insignificant differences in the marketplace.
• D)marketers can take advantages of differences between market segments,and differences analysis can be used to discovery statistically significant,meaningful,and stable differences.
• E)there are differences in the market,and by knowing statistical methods that focus on data summarization,marketers can take advantage of these differences.

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Definitions:

Caspi

Refers to Avshalom Caspi, a psychologist known for his work in life-course developmental psychology, notably linking genetic factors to behavioral outcomes.

Plasticity Principle

The concept that the brain is capable of changing and adapting in response to experience, learning, or injury, throughout a person's life.

Person-Environment Transactions

The dynamic and reciprocal interaction between an individual and their environment, shaping and being shaped by it.

Maladaptive

Behaviors or ways of thinking that may be counterproductive or hinder a person’s ability to effectively cope with their surroundings or circumstances.