Asked by Amber Urquijo on Sep 28, 2024
Which of the following criteria is it most important that a segment meet in order to be profitable for a firm?
A) be underserved by competitors
B) be demographically diverse
C) have similar loyalty rates
D) have measurable needs
Demographically Diverse
Reflecting a population that includes a wide range of characteristics such as age, sex, ethnicity, or socioeconomic status.
Competitors
Other businesses or entities that offer similar products or services within the same market and vie for the same customer base.
Loyalty Rates
Refers to the metric that measures the level of loyalty of customers to a brand or product, often calculated through repeat purchases or engagement.
- Understand the aim and key requirements for successful market segmentation, with an emphasis on profitability.
Learning Objectives
- Understand the aim and key requirements for successful market segmentation, with an emphasis on profitability.
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