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RYAN'S RUNNERS MINI CASE: Ryan wants to open a store that caters to athletes, but, due to space and budgetary constraints, he recognizes that he will not be able to offer the same variety and selection of products as does the local athletic mega-store, so he has decided to focus specifically on runners. He stocks shoes and related gear for runners, and maintains a staff that is knowledgeable and enthusiastic about running. Ryan's advertising campaign emphasizes his store's high standard of customer service and selection of products specifically tailored to meet the needs of the runner.
-In the RYAN'S RUNNERS MINI CASE, Ryan decides to focus his attention on that segment of the market that is interested in running. This selection of a specific market segment is known as ________.
Trade Show
An event where businesses in a specific industry showcase and demonstrate their new products and services to potential customers.
Marketing Mix
The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically categorized into four Ps: Product, Price, Place, and Promotion.
Technology Use
The use of scientific understanding in practical applications, particularly within industry and daily activities.
Sales
The exchange of a commodity or service for money; the action of selling something.
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