Market Segmentation Quiz
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Questions and Answers

Which of the following is true about segmentation?

  • It helps marketers reach customers effectively
  • It helps marketers allocate resources efficiently
  • It helps marketers understand potential customers (correct)
  • It helps marketers make decisions about where to focus their efforts
  • Why do marketers have to make decisions about where to focus their efforts?

  • Because marketers want to satisfy all customer needs
  • Because marketers want to target all potential customers
  • Because marketers want to reach as many people as possible
  • Because marketers have finite resources (correct)
  • What is a market?

  • A group of organizations with shared needs
  • A group of potential buyers with needs and wants (correct)
  • A group of individuals with common problems
  • A group of businesses with purchasing power
  • What is the 'total market'?

    <p>All the potential customers for a given product</p> Signup and view all the answers

    What is targeting?

    <p>Determining which segments are most likely to become customers</p> Signup and view all the answers

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