Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume you established a new pastry shop. 1- How would you segment your customers (What may be the effective segmentation criteria?) 2- What segment would

Assume you established a new pastry shop. 


1- How would you segment your customers (What may be the effective segmentation criteria?) 


2- What segment would you target? Why? 


3- How would you position you new shop? Why? What may be your competitive advantages? 


4- How would you prices your products? Why?


 5- What pricing strategies do you know? Which one is the right one? When? 


6- When would you change your prices? How? 


7- Also mention of the structure of your market?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Customer Segmentation Demographics Age gender income level occupation Psychographics Lifestyle values interests personality traits Behavioral Usage ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations of Finance The Logic and Practice of Financial Management

Authors: Arthur J. Keown, John D. Martin, J. William Petty

8th edition

132994879, 978-0132994873

More Books

Students also viewed these General Management questions

Question

What impresses you the most about infants abilities, and why?

Answered: 1 week ago