If a firm has demographic and purchasing information about its customers, the firm can use data mining techniques to create mark

Question

3 years ago

13

If a firm has demographic and purchasing information about its customers, the firm can use data mining techniques to create mark

eting mixes based on consumer self-values. find out which competitors its customers purchase from. determine which syndicated data warehouse services to purchase. build separate marketing programs for different demographic segments. understand psychographic motivations.

Business

1 answer:

Mumz [18] · Answer 1 · 2022-02-10T23:35:42+03:00

Answer:

Build separate marketing programs for different demographic segments.

Explanation:

If a firm has detailed information regarding the demographic and purchasing data of the clients that helps to arrange the product and services in a more concise level. More importantly, they can take that information and design marketing programs accordingly, and those marketing programs can be made to facilitate different marketing segments and target market.