Which of the Following Statements Is TRUE of Geographic Segmentation

question 10

Multiple Choice

Which of the following statements is TRUE of geographic segmentation?

• A) It divides consumer groups based on a variety of readily measurable descriptive factors about the group.
• B) In most instances, it is an insufficient criterion in and of itself.
• C) It does not consider climate while segmenting markets.
• D) It does not consider the size of population while segmenting markets.
• E) It is useful because the demand for all kinds of products is determined by where a person lives.

Understand the dynamic nature of strategic focus and the impact of changing environments.

Recognize the competitive advantage strategies and their applications.

Understand the concept of Blue Ocean Strategy and its questioning framework.

Understand the fundamental aspects and importance of SWOT analysis in strategic planning.

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, all of whom have minimal impact on the market price.

Coconuts

The large, round, tropical fruit with a hard shell, white flesh, and clear liquid inside, produced by the coconut palm.

Fish

Aquatic animals that are typically covered with scales and have fins for movement; also refers to the act of catching these animals as a form of consumption or sport.

Utility Function

is a mathematical representation that captures an individual's preference system, showing the level of satisfaction or utility derived from consuming various bundles of goods.