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Bingel [31]
3 years ago
11

An organization adopts the ______________ concept when it takes steps to know a much about the consumer as possible, combined wi

th a decision to base marketing, product, and strategy decisions on this information.
Business
1 answer:
Mandarinka [93]3 years ago
3 0

Answer:

market segmentation

Explanation:

An organization adopts the <u>market segmentation</u> concept when it takes steps to know a much about the consumer as possible, combined with a decision to base marketing, product, and strategy decisions on this information.

Market segmentation is the process of <u>dividing a market of potential customers into groups, or segments, based on different characteristics.</u> The segments created are composed of <u>consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations</u>.

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The Sarbanes-Oxley Act

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Lost - horse forecast -

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