A Business Firm Segments Its Markets When This Strategy Increases

question 116

Multiple Choice

A business firm segments its markets when this strategy increases its sales revenue, profit, and return on investment.When expenses are greater than the potentially increased sales from segmentation, the firm should

• A)not consider market segmentation at this time.
• B)combine departments within the company to make the process more streamlined.
• C)reduce production costs, or increase prices to facilitate the segmentation process.
• D)seek alternate channels of distribution including Internet sales.
• E)discontinue manufacturing any products that are not in the mature stage of their product life cycle.

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Definitions:

Deficiency

The lack of a required or necessary quality, amount, or degree, often used in financial contexts to denote a shortfall.

Foreclosure Auction

A public sale at which property is sold to the highest bidder following foreclosure.

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Situations where individuals or organizations face challenges in managing their finances, often leading to debt or bankruptcy.

Land Contract

A financing agreement for the purchase of real property, where the seller holds the title until the purchaser completes all installment payments.