Once a Firm Has Segmented the Market, the Next Step

question 58

Multiple Choice

Once a firm has segmented the market, the next step is to ________.

• A) decide on a position within the segment
• B) settle on pricing
• C) select a target market
• D) establish the company's brand
• E) immediately decide on the "4Ps" of the marketing strategy

Grasp the principles of comparative advantage and international trade.

Interpret production possibilities and circular-flow diagrams to analyze economic adjustments.

Identify factors of production and their roles in the economy.

Comprehend the basic mechanisms of trade and barriers to trade.