Distinguish Between Market Segmentation,target Marketing,and Brand Positioning

question 31

Essay

Distinguish between market segmentation,target marketing,and brand positioning.

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Definitions:

Fashion Classic

An item of clothing or accessory that remains stylish and universally accepted over an extended period, transcending short-lived fashion trends.

Economic Models

Simplified frameworks used to describe the workings of the economy and to analyze economic variables and their relationships.

Trickle-up Theory

A theory suggesting that trends and innovations are initiated from the lower social classes and then adopted by the upper classes.

Trickle-down Theories

Theories suggesting that trends, behaviors, or innovations initiated by higher socioeconomic groups gradually spread to lower socioeconomic groups.