Asked by Desirea Moore on Apr 24, 2024

verifed

Verified

Marketers often create a special marketing mix for loyalty segments because these segments are

A) too large to service with ordinary targeting.
B) difficult to identify.
C) costly to acquire.
D) generally profitable.
E) constantly changing.

Loyalty Segmentation

The process of dividing a customer base into groups based on their loyalty and purchasing behavior to tailor marketing strategies more effectively.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, often summarized as product, price, place, and promotion.

Targeting

involves selecting specific segments of a market as the focus of a marketing campaign or strategy, to more effectively reach potential customers.

  • Recognize the critical role of loyalty segmentation in maintaining customer loyalty and improving profit margins.
verifed

Verified Answer

HF
Hanis Farhana7 days ago
Final Answer :
D
Explanation :
Loyalty segments are generally profitable because they are made up of customers who have already demonstrated a willingness to repeatedly purchase from a particular brand or company. Therefore, marketers often create a special marketing mix to further cater to the preferences and behaviors of these valuable customers in order to increase their loyalty and lifetime value.