Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What are the 2 main functions that segmentation does for the marketer? What are the 2 main functions that segmentation does for the marketer? Optimizes

What are the 2 main functions that segmentation does for the marketer? What are the 2 main functions that segmentation does for the marketer? Optimizes the effectiveness of a company's actions by identifying key differences among customers to develop a customized offering for each segment Optimizes the cost-efficiency of a company's actions by circumventing the irrelevant differences among customers to create a single offering for all customers in each segment. Makes it easier for the marketer to know who they are marketing to and how to market to the customers A and B B and C

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

2nd Edition

0471347744, 978-0471347743

More Books

Students also viewed these Accounting questions

Question

How would you describe the work atmosphere?

Answered: 1 week ago

Question

years ago. d Only using studies which feature empirical data.

Answered: 1 week ago