A portion of a larger market with similar needs that are somewhat different from the larger market is known as a market: segment
Option A is correct.
What is a segment of the market?
The term market segment refers to people who are grouped together for marketing purposes. Market segments are part of a larger market, often lumping individuals together based on one or more similar characteristics.
Market segment :
Market segmentation creates subsets of a market based on demographics, needs, priorities, common interests, and other psychographic or behavioral criteria used to better understand the target audience. By understanding your market segments, you can leverage this targeting in product, sales, and marketing strategies.
MEANING OF MARKET SEGMENTATION :
Segmentation is a Marketing Strategy which involve dividing a broad target market into subset of Consumers, Businesses or countries who have common needs, interests and priorities and then designing and implementing strategies to target them.
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Answer:
Higher price than competitor with lower quality
Explanation:
Higher priced goods with lower or same quality than competitor is not a customer benefit because the customer can get it cheaper from the businesses competitor
The eight types of waste in lean manufacturing include all of the following except verifying and checking.
<h3>How to illustrate the information?</h3>
Lean manufacturing is a production method that is aimed at reducing response times within the production system from the suppliers and to customers.
It should be noted that the types of waste include :
- Transport.
- Inventory.
- Motion.
- Waiting.
- Overproduction.
- Overprocessing.
- Defects.
- Unutilized talent.
Therefore, verifying and checking isn't an option.
<u>Complete question:</u>
The eight types of waste in lean manufacturing include all of the following except:
Transport and Inventory.
Motion and Waiting.
Overproduction and Overprocessing.
Defects and Unutilized talent.
Verifying and Checking.
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Answer: Cost of protecting jobs is much higher than the value of the jobs.
Explanation:
Protectionism is when the local industries in a country are protected against foreign competition in order to help them grow.
One of the main ideas behind free trade is for the consumers to be provided with affordable and low prices goods when there's a free movement of goods between the countries.
It should be noted that an increase in the labour cost will also.bring about an increase in the value of jobs and this can result to the goods being sold at a higher price. Therefore the correct option is B "cost of protecting jobs is much higher than the value of the jobs".