The Five-Step Process Usually Used for Target Market Selection Includes

question 19

True/False

The five-step process usually used for target market selection includes identifying the appropriate targeting strategy, determining which segmentation variables to use, developing market segment profiles, evaluating relevant market segments, and deciding which targeting strategy to use.

---

Definitions:

Trousers

Clothing items worn from the waist to anywhere between the knees and the feet, covering each leg separately.

L.E.D. Signs

Electronic displays that use light-emitting diodes to create text, images, or video messages, commonly used for advertising or information dissemination.

Risk of Loss

Refers to the exposure to harm or danger that may result in loss, often considered in the context of contracts or insurance.

Destroyed

To damage something so badly that it no longer exists or cannot be repaired.