Examlex
two major classifications of stages of economic development helpful to global marketers are
Market-Based Groupings
Classification of customers or products based on market-related factors such as geographic location, customer type, or product usage, allowing for targeted marketing strategies.
Customer Segments
Groups of potential customers categorized based on similar needs, characteristics, or behaviors, targeted in marketing.
Functional Groupings
Functional groupings refer to the organization of business activities or employees within a company based on tasks, roles, or expertise to enhance efficiency.
Product Line
A range of related products offered by a business designed to appeal to a particular market segment.
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