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Luda [366]
2 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]2 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
I want to take a survey of students at my university to find out what proportion like the new bus service on campus. how many wi
laiz [17]

Answer:

N = 3,120 (Approx)

Explanation:

Given:

z- score for 99% confidence = 2.58

Proportion (P) = 75% = 75 / 100 = 0.75

E = 2% = 0.02

Q = 1 - P = 1 - 0.75 = 0.25

Computation:

N = (Z/E)^2 \times pq

N = (2.58/0.02)^2 \times (0.75 \ times 0.25)

N = (129)^2 \times (0.1875)

N = (16,641) \times (0.1875)

N = 3,120.1875

Therefore, N = 3,120 (Approx).

5 0
3 years ago
Why is accuracy an essential element of business communication?
katovenus [111]

Communication is an essential element of any business. One needs to convey message as effectively as possible. Therefore accuracy is the key requirement for the business communication. without the accuracy the business message will be delivered either misleading or it will be unclear.

Misleading message or miscommunication can lead to huge problems to any business. When you are working with your client, he will trust your words only if they are accurate otherwise the deal can be lost too.

That is why accuracy is the most important element of any business communication and a significant interval of time must be spent on making the communication accurate in any organization.

To know more about Business communication here:

brainly.com/question/17181900

#SPJ4

3 0
2 years ago
Newton Bay is a sparsely populated area. The government plans to build an international airport there and announce this plan Pub
ad-work [718]

Answer

The demand for land will increase. and the price of land will increase.

3 0
3 years ago
Read 2 more answers
Decisión grids are valuable tools because they help us
jenyasd209 [6]

Answer:

There are any number of valid responses – <em>see below</em>.

Explanation:

Decision grids are valuable tools because they help us:

  • Evaluate and prioritize a list of options
  • Make the best choices at the least cost
  • Make wise decisions in a range of contexts
  • Consider the cost and benefits of a decision
  • Reduce subjectivity to help make sound conclusions
  • See what we gain and lose by choosing between alternatives
8 0
3 years ago
Carl Carpenter buys a drill press. The price, including tax, is $725.00. He finances the drill press over 24 months after making
netineya [11]
First calculate the amount financed
Amount financed=725−50=675

The formula is
I=(2yc)/(m (n+1))
Solve for c to get
C=(I×m×(n+1))/2y
C=(0.14×675×(24+1))÷(2×12)=98.44

Total of payments=675+98.44=773.44

Monthly payment is
773.44÷24=32.23

Hope it helps!

7 0
3 years ago
Read 2 more answers
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