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The Seven-Step Approach to Market Segmentation Begins to Consider Whether

question 14

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The seven-step approach to market segmentation begins to consider whether a particular group can be profitable to the firm in Step 1-and that is a major consideration throughout all seven steps.

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Definitions:

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

Populations

Groups of individuals of the same species living and interbreeding within a given area.

Area

is a measure of the extent of a two-dimensional surface or shape, expressed in square units.

Biosphere

The global ecological system integrating all living beings and their relationships, including their interaction with the elements of the lithosphere, hydrosphere, and atmosphere.

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