Home Builders Are Using _____ Segmentation to Target People Over

question 70

Multiple Choice

Home builders are using _____ segmentation to target people over 55 with homes that have wheelchair-friendly door widths,lever door handles,roll-out shelves,raised toilets,and direct 911 wiring.

• A) demographic
• B) psychographic
• C) diffused
• D) geographic
• E) psychological

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Definitions:

Co-Branding

A marketing partnership between two or more brands to create a combined offer that leverages the unique strengths of each partner.

Family Branding

A marketing strategy where a company uses one brand name for multiple related products, aiming to leverage brand equity and simplify consumer choice.

Product Line Extension

The introduction of additional items in a given product category under the same brand name, often varying in size, flavor, or related attributes, to cater to different consumer needs or preferences.

Market Segment

A subgroup within a larger market, defined by its own unique preferences or characteristics, targeted by marketers for specific strategies.