A Firm That Uses ___________ Segmentation Divides a Market into Groups

question 161

Multiple Choice

A firm that uses ___________ segmentation divides a market into groups based on religion,race,and profession.

• A)benefit
• B)demographic
• C)value
• D)target

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Definitions:

Supersystem

is a complex system made up of multiple interconnected and interdependent systems, functioning as a comprehensive whole.

Organisational Purpose

The fundamental reason for an organization's existence, often reflected in its mission or vision statements, driving its goals, strategies, and actions.

Innovation

The process of creating new ideas, products, or methods, including the application of better solutions to meet new requirements or existing market needs.

Risk Taking

The act of engaging in actions or decisions that have uncertain outcomes, involving potential risks as well as rewards.