Small Athletic Shoe Manufacturers Such as Vans Target Niche Markets

question 172

Multiple Choice

Small athletic shoe manufacturers such as Vans target niche markets and make shoes designed to satisfy the needs of different specific groups of customers. This strategy is an example of

• A)market segmentation.
• B)mass customization.
• C)customized manufacturing.
• D)single chain marketing.
• E)market specific selection.

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Definitions:

Long-term Maturities

Refers to debt securities or loans with repayment periods typically exceeding one year, often associated with bonds or long-term loans.

Money Market

is a segment of the financial market where short-term financial instruments and securities are traded, offering liquidity and lower risk.

Lockbox Service

A banking service provided to companies for the reception of payment from customers, utilizing a special post office box to speed up the collection and processing of check payments.

Clearing Time

The time it takes for a payment or transaction to be processed and the funds to be cleared and settled.