Which of the Following Identifies Correctly How Often Market Segmentation

question 42

Multiple Choice

Which of the following identifies correctly how often market segmentation should be done?

• A)should be done once a month
• B)is rarely done by consumer products companies
• C)needs to be done only once for each product
• D)should be redone periodically

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Definitions:

Ethnorelative

pertains to an understanding and appreciation of cultural differences, promoting a positive and inclusive attitude towards diverse cultural backgrounds.

Polycentric

A term in international business denoting a strategy where a company adapts its products and services to each local market it operates in, respecting local customs and culture.

Personal Counseling

A professional service offering confidential support and advice to individuals dealing with personal issues or challenges.

Effective Meetings

Gatherings designed with a clear purpose, goals, and managed time to ensure productivity and success.