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Leviafan [203]
3 years ago
7

In order to build profitable relationship with customers, it is important to decide whom it will serve. It does this by ________

_ and ____________ a. MARKET SEGMENTATION, POSITIONING b. TARGET MARKETING, CUSTOMIZATION c. POSITIONING, DIFFERENTIATION d. MARKET SEGMENTATION, TARGET MARKETING
Business
1 answer:
givi [52]3 years ago
4 0

Answer:

MARKET SEGMENTATION, TARGET MARKETING

Explanation:

In marketing defining the customer that a product will serve is a very important step in making a profitable venture. If a product is promoted to a wrong customer, chances are they will not buy.

Two methods of determining who a product will serve are market segmentation and target marketing.

Market segmentation is the process by which a set of customers are divided into groups on the basis of some shared characteristics. For example education, income level, and demography.

Target marketing is a subset of the total market for a good or service. It is a group of people that have been identified and targeted for promotional efforts.

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