1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dlinn [17]
3 years ago
11

Target Market Selection Process:

Business
1 answer:
I am Lyosha [343]3 years ago
6 0

Answer:

The answer is Concentrated Marketing

Explanation:

Concentrated Marketing is a strategy whereby a product is developed and marketed for a very well defined and specific segment of the consumer population.

You might be interested in
Which of the following is the BEST description of the law of demand?
34kurt
D

This is shown because when a item in demand is needed it becomes price and thus becomes lower of supply and gains value
8 0
3 years ago
2545858597<br><br>uid of ff gyezz​
Alex17521 [72]

254585246182७2७2222८2

3 0
3 years ago
Providing something to a target market that is unique and valuable beyond simply offering a lower price than that of the competi
Scrat [10]

Answer:

Product or service differentiation competitive advantage

Explanation:

Product or service differentiation is the procedure of distinguishing the service or the product from others in order to make the product or service more attractive for a specific target market.

And Product or service differentiation is a competitive advantage which is tactic of strategic positioning for an business or firm could undertake in order to set its services or products and the brands apart from those of the others.

So, offering the target market which is unique or different by offering lower price than the others or competitors are known as product or service differentiation competitive advantage.

7 0
3 years ago
An economics student makes the following statement: "It's easy to understand why the aggregatedemand curve is downward sloping:
mafiozo [28]

<u>Answer</u>:

<u>True</u>

Explanation:

Indeed, the economics student was mistaken because aggregate demand <em>follows a pattern</em> that when prices rise, consumer wealth declines, the interest rates rise, and exports become more expensive thus leading to a downward sloping of the aggregate demand curve.

Therefore, the second statement is correct (True) for saying the economics student was wrong in his statement.

5 0
3 years ago
A focused low-cost strategy ...A) cannot be sustained over time unless the focuser is aggressive in entering other segments wher
alexandr1967 [171]

Answer:

The correct answer are A and E.

Explanation:

Cost leadership is where the company intends to be the lowest cost producer in its industrial sector. The company has a broad picture and serves many segments of the industrial sector, and can still operate in related industrial sectors. The breadth of the company is often important for its cost advantage. The sources of cost advantages are varied and depend on the structure of the industrial sector. They can include the persecution of economies of scale of own technology, preferential access to raw materials.

A successful cost leadership strategy is disseminated throughout the company, as evidenced by high efficiency, low overhead, limited benefits, waste intolerance, thorough review of budget requests, extensive control elements, rewards linked to cost concentration and extensive employee participation in attempts to control costs.

Some risks of following cost leadership is that competitors could mimic the strategy, decreasing the profits of the industry in general; that technological advances in the industry could make the strategy ineffective or that the interest of the buyers could be diverted towards other characteristics of differentiation besides the price.

4 0
3 years ago
Other questions:
  • Volkswagen achieved spectacular success in the late 1990s by targeting the nostalgia segment, 35- to 54-year-old baby boomers, w
    14·1 answer
  • Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
    13·1 answer
  • Your firm adheres strictly to the residual dividend model. all else equal, which of the following factors would be most likely t
    11·1 answer
  • Taka is considering sending a message regarding a raise but is concerned since the company is struggling financially. Taka has d
    9·1 answer
  • When an individual invents a new product and patents it, a writer copyrights and publishes a book, or a company develops a symbo
    10·1 answer
  • 30-3. At the end of 2009 the relevant money-supply curve was the one labeled MS1. At the end of 2010 the relevant money-supply c
    5·1 answer
  • Do some research on mergers and acquisitions. What were the five largest mergers– acquisitions last year? Make a list of the par
    7·1 answer
  • In business, which of the following tones should be part of every written communications? a. Funny b.Vague c.Sarcastic d.polite​
    7·1 answer
  • What are the costs associated with operating a franchise.
    14·1 answer
  • Interest is capitalized when incurred in connection with the construction of plant assets because_______.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!