What Are the Two Commonly Used Approaches for Segmenting Markets

question 7

Multiple Choice

What are the two commonly used approaches for segmenting markets? 

• A) Benefit segmentation and psychographic segmentation
• B) Advertising segmentation and financial segmentation
• C) Nonprofit segmentation and profit segmentation
• D) Mass marketing segmentation and geodemographic segmentation

Comprehend the impact of globalization on job migration and strategies to address it.

Understand the hierarchical structure and the dynamics within business organizations.

Recognize the significance of networks and networking in contemporary organizational structures.

Distinguish between the management functions of planning, leading, organizing, and controlling.

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Definitions:

Intends

Plans or aims to carry out a specific action in the future.

Disaffirm

The act of rejecting or voiding a contract or agreement, especially one entered into by a minor or under conditions that make it voidable.

Minor

An individual under the legal age of adulthood, generally unable to enter into enforceable contracts except for certain necessities.

Limited Capacity

A legal status or condition that restricts an individual's ability to legally enter into contracts due to factors like age, mental competency, or intoxication.