Asked by Krupa Patel on Jun 03, 2024

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A comprehensive marketing strategy should specify what needs the firm will meet in order to achieve ________.

A) niche market segmentation
B) product customization
C) sustainable differentiation
D) customer consolidation

Sustainable Differentiation

Creating long-term competitive advantage by developing unique product features, services, or practices that are difficult for competitors to replicate.

Niche Market Segmentation

The process of dividing a broader market into smaller customer groups with specific needs, characteristics, or behaviors that might require individualized marketing strategies.

Customer Consolidation

The process of reducing the number of vendors or suppliers used by a company or merging multiple customer accounts or profiles into a single, unified account for better management.

  • Comprehend how strategic decisions drive the selection of target markets and meet customer needs.
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ZK
Zybrea KnightJun 04, 2024
Final Answer :
C
Explanation :
A comprehensive marketing strategy should identify the needs of the targeted market segment and how the firm's offering can differentiate itself from competitors in a sustainable manner. This will enable the firm to create a competitive advantage and achieve long-term success. Niche market segmentation and product customization are tactics that can be used to achieve this goal, but they are not the ultimate objective. Customer consolidation is not a term commonly used in marketing strategy.