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jeyben [28]
3 years ago
8

Breakfast cereal manufacturers have separated the market into many segments. How does selecting a target market segment allow Ke

llogg's to maximize its chances of success in the cereal industry?
Social Studies
1 answer:
natita [175]3 years ago
3 0

Answer: A target market is a group of consumers identified as likely purchasers of a company's product. Choosing a target market is important because it enables the firm to direct its resources to those customers with high potential for sales growth, interest in the product and loyalty to the brand. In other word selecting target market segment allow Kellogg’s to direct its resources to those customers with high potential for sales growth, interest in the product and loyalty to the brand which will maximize its chances of success in the cereal industry.

Selecting target market segment allows the following:

(1) provides an understanding of competition for Kellogg’s in the cereal industry.

(2) gives insights into competitive advantage, and how this can be best applied in the cereal industry.

(3) allows the company to better appreciate of what consumers of cereals needs.

(4) enables Kelloggs to produce more effective marketing plans

(5) uses the company resources more effectively.

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The federal reserve can influence the interest rate on home morgages by
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With regard to an inmate's quality of life, ____ refers to anything that enhances the inmates' creature comforts, such as good f
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Amenity

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Snowcat [4.5K]

The correct answer would be, Cultural Comparative Approach.

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A cultural comparative approach is an approach which compares two cultures with each other. In this approach, the Western ideas are tested in other cultures to see if these ideas can be generalized in those cultures or not.

Cultural differences have impacts on people's personalities. All psychologists have consensus that culture affects one's personality generally.

For example, If a person is in Pakistan, and then goes to United States of America, his or her personality will usually be affected by the the new culture. In Pakistan, women usually wear traditional dresses, because it is in their culture. But when they go to USA, they usually wear jeans or skirts and tops, as it is usually worn by women in USA. In this way the personality of the people are affected by the difference in cultures. Similarly, Halloween or other events are not celebrated in Pakistan, but when people go to USA, they celebrate such events, as these are the part of USA's Culture now.

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