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As a result of cash flow shortages,Kellco Department Stores has fallen behind in payments to suppliers.Some suppliers are withholding shipments to Kelco until they receive payments on overdue accounts.To meet their immediate needs,Kellco Department Stores should utilize:
Perceptual Map
A visual representation used in marketing to display how consumers perceive a product or brand in comparison to its competitors on various dimensions.
Differentiated Marketing
A strategy where a company targets multiple market segments with a unique marketing strategy for each, rather than adopting a mass marketing approach.
Segmenting The Market
The method involves categorizing a wide market of current and prospective customers, both in the consumer and business spheres, into smaller segments that share common attributes.
Psychographic Variables
Characteristics of consumers, such as lifestyle, values, attitudes, and personality, used to understand and segment markets.
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