Asked by Krupa Patel on Jun 03, 2024
Verified
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.
Verified Answer
Learning Objectives
- Comprehend how strategic decisions drive the selection of target markets and meet customer needs.
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