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Luda [366]
3 years ago
8

Stephanie has been segmenting the market to help her grow her catering business. She is now at final stage in the segmentation p

rocess, and she will develop profiles for the customer groups. Why is this important
Business
1 answer:
Pavlova-9 [17]3 years ago
7 0

Market segmentation to help Stephanie grow her catering business is important as profiling for groups of customers helps marketers develop communication and promotion plans to reach that specific group of customers.

<h3 /><h3>What is market segmentation?</h3>

Corresponds to the study and research of potential consumers in a market that seeks to divide them into different groups that have similar characteristics, such as preferences and needs, to identify the target audience most aligned with a company's business.

Therefore, through market segmentation, a company is able to identify its potential consumer in a heterogeneous market, being a marketing tool that helps in aligning products and services to consumer needs and desires.

Find out more about market segmentation here:

brainly.com/question/8903427

You might be interested in
A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar
Aneli [31]

Answer:

For seller = $196.44

For buyer = $4583.56

Explanation:

Data provided in the question:

Taxes for the year = $4,780

Date of closing = January 16

since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only

Per day tax = [ Taxes for the year ] ÷ 365

= $4,780 ÷ 365

= $13.095 per day

Hence,

Proration will be

for seller = $13.095 per day × 15 days

= $196.44

For buyer = $4,780 - $196.44

= $4583.56

6 0
3 years ago
International Imports is a merchandising Firm. Last year they reported sales of $674,500 and cost of goods sold of $404,700. The
dimaraw [331]

Answer:

The total contribution margin for the firm is: $209,095

Explanation:

The contribution margin is calculated by using following formula:

Contribution margin = Total sales – Total variable costs

In International Imports,

Total sales = $674,500

Total variable costs  = cost of goods sold + total variable selling and administrative expense = $404,700 + $60,705 = $465,405

Contribution margin = $674,500  - $465,405 = $209,095

7 0
3 years ago
DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annual
asambeis [7]

Answer:

5.93%

Explanation:

Cumulative Dividend for both (5.56+5.88)          $11.44

share price for both types of preferred stock (95.55+97.5) $193.05

Cost of preferred stocks $11.44/193.05=5.93%

6 0
3 years ago
The two most common compensation methods for teams are:
marishachu [46]
They are skill based pay and gain sharing.
6 0
3 years ago
Which of the following is true of​ cartels?
djyliett [7]

Answer:

option c is correct

Explanation:

option c is correct

cartel member are having an advantage to withraw or cheat  from contract at any time.

cartel word is  first used in 1930 by one drug dealer in mexico. it is collective group of two or more participant  with motives to dominate in entire market and make huge profit.

4 0
3 years ago
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