Asked by Tyler Welker on Sep 28, 2024
Which type of market coverage strategy requires a firm to have the most detailed understanding of its target market?
A) behavioral target marketing
B) undifferentiated marketing
C) niche marketing
D) mass marketing
Behavioral Target Marketing
A marketing strategy that uses consumer behavior, including browsing and purchasing history, to tailor advertising and promotions.
Niche Marketing
A targeted marketing strategy focusing on a specific segment of the market that has unique preferences or needs, aiming to become a big fish in a small pond.
- Identify the requirements for in-depth understanding of target markets in various marketing strategies.
Learning Objectives
- Identify the requirements for in-depth understanding of target markets in various marketing strategies.
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