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____ [38]
3 years ago
7

Why do Marketers segment a market?

Business
1 answer:
adell [148]3 years ago
8 0

Answer:

see below

Explanation:

Market segmentation is the practice of sub-dividing the target market into smaller groups. Market segmentation creates customer groups based on demographics, needs, priorities, and other common traits. Marketers use segmentation to understand the needs of target clients better.

Segmentation increases marketers' efficiency in resource utilization. It allows companies to learn about their customers and design tailor-made campaigns for a particular group. Targeting segments in marketing raises the possibility of more sales.

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Suppose that the production of a good generates a negative impact upon third parties. If the market does NOT take these negative
Lelu [443]

Answer:

The price will decrease and the quantity of the product sold will increase.

Explanation:

The price quoted would be lower because the social costs are not part of the cost of the product. This would increase the demand of the product because financially it is more beneficial and the price demand relation says that when the price of the good decreases the demand of the product increases and vice versa. So this means that the company will earn more but the society will have to bear the cost of the negative impacts.

6 0
3 years ago
Read 2 more answers
The CPI is a measure of the overall cost of goods and services produced in the economy the overall cost of inputs purchased by a
lakkis [162]

Answer:

The overall cost of buying a market basket of goods and services by a typical customer.

Explanation:

The question is incomplete, but I figured that the question is trying to find out the correct meaning of CPI with different options provided. The correct question should be:

<em>The CPI is a measure of </em>

  1. <em>the overall cost of goods and services produced in the economy </em>
  2. <em>the overall cost of inputs purchased by a typical producer </em>
  3. <em>the overall cost of buying a market basket of goods and services by a typical consumer </em>
  4. <em>the overall cost of stocks on the New York Stock Exchange</em>

<em>Which option is correct?</em>

<em />

CPI or Consumer Price Index evaluates the average prices of a basket of consumer goods and services, for instance, medical care, food, and transportation. It is evaluated by analyzing the changes in and averaging the price of each item in the basket of consumer goods and services.

The CPI is usually used especially to discover situations of inflation of deflation.

5 0
2 years ago
The Brainchild is a store that specializes in educational toys for children. In order to increase the probability of customers v
Viefleur [7K]

Options: decreasing an importance weight. increasing a performance belief. decreasing the performance belief for a competitive retailer. adding new benefits. focusing on all benefits.

Answer: ADDING NEW BENEFITS.

Explanation:Adding new benefits or improving existing benefits are ways used by Store or business organisations to attract new customers or to retain existing ones or improve its number of loyal customers.

Benefits are free services or gifts given, Brainchild has increased the benefits of buying from its store by offering discounts, gift wrapping, and free shipping,all these will attract more customers to its store and hence increase loyal customers and number of customers.

6 0
3 years ago
Problem 1
zloy xaker [14]

Answer:

How to produce resources

5 0
3 years ago
Sidwan, owner of Jacuzzi Warehouse, said, "We have to focus on our customers and how we can beat the competition, so we have to
hjlf

Answer:

The remaining part of the question is:

A) clan culture.

B) goal-driven agenda.

C) adhocracy culture.

D) market culture.

E) focused approach.

Correct Answer:

D) <u>market culture. </u>

<u></u>

Explanation:

His suggestion of his research and development team to develop innovative products for the emerging changes in markets for his customers shows that, Jacuzzi Warehouse has a market culture.

5 0
3 years ago
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