To Find a Target Market, a Firm Can Use One

question 139

Multiple Choice

To find a target market, a firm can use one of these targeting strategies

• A) Total market strategy and the undifferentiated strategy
• B) Product differentiation strategy and the customer differentiation strategy
• C) Demographic strategy and the psychographic strategy
• D) Socioeconomic strategy and the psychological strategy
• E) Undifferentiated strategy, the concentrated strategy, and the differentiated strategy

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Definitions:

Mudfish

A type of freshwater fish known for its ability to live in muddy, low-oxygen environments, sometimes symbolizing adaptability and survival in various cultures.

Diplomatic Relationships

The official relationships between countries, managed through diplomacy, allowing nations to communicate and negotiate.

Nok Style

Pertains to the distinctive terracotta sculptures associated with the ancient Nok culture of Nigeria, dating back to between 500 BC and 200 AD.

Illegal Market

A marketplace where goods or services are exchanged illegally, either because they are prohibited by law or sold without authorization or regulation.