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To Develop a Successful Segmentation Scheme,marketers Gather Data About the Population

question 26

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To develop a successful segmentation scheme,marketers gather data about the population within specific geographic boundaries,the number of people in various age categories,and other social and demographic characteristics.This example describes which of the four basic criteria used to develop useful segment schemes?


Definitions:

Outperform

To do better than others or exceed expectations in a specific activity, measure, or area of performance.

Entrepreneurial Mindset

A way of thinking that enables individuals to overcome challenges, learn from failures, and innovate in their pursuit of new opportunities.

Knowing Who

Understanding the key people within a network who can provide support, expertise, or resources that are instrumental for achieving goals or furthering an initiative.

Knowing What

The understanding of facts, information, and skills acquired through experience or education.

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