The Final Step in the Target Market Selection Process Is

question 129

Multiple Choice

The final step in the target market selection process is

• A) implementing the appropriate marketing mix for the target market.
• B) evaluating relative market segments.
• C) eliminating market segments that are cost prohibitive.
• D) selecting specific target markets.
• E) revising the final segmentation variables based on target selection.

---

Definitions:

Physical Flow Assumption

An accounting method that tracks the physical movement of goods in inventory, often used to calculate cost of goods sold or ending inventory.

Specific Identification

Specific Identification is an inventory valuation method that tracks the actual cost of each specific item in inventory.

LIFO

LIFO, or Last-In, First-Out, is an inventory accounting method where the most recently produced or acquired items are the first to be used or sold.

FIFO

"First In, First Out," an inventory valuation method where goods first added to inventory are the first ones sold.