Chapter 9 Study
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Chapter 9 Study Questions:
- Before selling a new product to a large population of consumers, it is critical that the marketer knows her or his target market. What is a target market? And why should a marketer know and understand his or her target market? Target market is a sub-market of all customers (existing and potential) who are most likely to buy a firms products. It is important for them to understand their market because those people are most likely to buy the products and keep the company afloat.
- What are marketers thinking about when using a geographic approach to segmentation? Explain in general how a marketer would go about segmenting the U.S. population by using a geographic approach. It is a division of an overall market into homogeneous...
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Published On:
02/23/2020
Last Updated:
02/23/2020
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639
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