Which of the Following Statements Regarding When and How to Segment

question 45

Multiple Choice

Which of the following statements regarding when and how to segment markets is most accurate?

• A)Even if a firm finds only one potential market segment, it should take advantage of the method to appear cutting-edge to its competitors and customers.
• B)Market segmentation only works for large corporations; small businesses don't have the resources to engage in the process.
• C)Governments should not attempt market segmentation because the strategy is only applicable for consumer and organizational markets.
• D)If a business firm goes to the trouble and expense of segmenting its markets, it expects to increase its sales, profits, and return on investment.
• E)Market segmentation strategies work less than 10 percent of the time.

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that an individual holds that comes true because he or she acts in ways that support or lead to its fulfilment.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Stereotype

A fixed overgeneralized belief about a particular group or class of people.

Prejudice

Preconceived opinion not based on reason or actual experience, leading to biased, unfair attitudes and actions towards others.