Demographic segmentation Study guides, Class notes & Summaries
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BSM1501 ASSIGNMENT 6 FOR 2024 - DISTINCTION
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Question text What is the purpose of a SWOT analysis? 
 
a. To identify strengths and weaknesses 
 
b. To estimate sales volume 
 
c. To determine market potential 
 
d. To -establish a marketing plan Question 2 Not yet answered Marked out of 1.00 
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Question text Who innovates within the franchise system? 
 
a. Franchisor 
 
b. Franchisee 
 
c. Both the franchisor and the franchisee 
 
d. A third par...
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MARKETING 301 MIDTERM EXAM 2 – A1: QUESTION WITH ANSWERS 2023
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MARKETING 301 MIDTERM EXAM 2 – A1: 
QUESTION WITH ANSWERS 2023 
 
1 Which of the following best describes positioning? 
A)	dividing the market into smaller, meaningful groups of customers 
B)	a promise to a group of customers 
C)	evaluating and identifying a meaningful group of customers to serve 
D)	creating a unique offering to provide customer value 
E)	identifying a clear and distinct place in the customer's mind that the brand or company should occupy relative to the competition 
 
2)	W...
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MGT 103 BATES MIDTERM questions and answers 100% correct
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MGT 103 BATES MIDTERM questions and answers 100% correct 
marketing 
started production based; engineers 
the activity, set of institutions, and processes for creating, communicating, deliver- ing, and exchanging offerings that have value for customers, clients, partners, and society at large 
 
 
 
Eras of marketing 
1. production 
2. sales era 
3. marketing concept era 
4. customer relationship era 
 
 
 
need 
precedes a want; underlying necessity 
-basic physical and psychological needs 
 
 ...
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MBA MFT exam 2024 with 100% correct answers
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major segmentation variables (4) - correct answer (1) geographic, (2) demographic, (3) psychographic, (4) behavioral 
 
penetrated market - correct answer set of customers who are buying the company's product 
 
target market - correct answer qualified available market the company decides to pursue 
 
available market - correct answer set of consumers who have interest, income, and access to a particular offer 
 
potential market - correct answer set of consumer with a sufficient level of ...
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BUAD 332 Exam 2-Mark Moon Questions with Answers (All Answers Correct)
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Goal of Customer- Driven marketing strategy - to create VALUE for targeted customers 
Market Segmentation - Dividing a market into smaller groups with distinct needs, characteristics, 
or behaviors that might require separate marketing strategies or mixes. 
(taking heterogeneous customers and dividing them into more homogeneous groups) 
selecting customers to serve - - "Who is our customer?" 
-Selecting customers to serve using segmentation and targeting 
-We cannot make any other decisions as...
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UCF MAR 3023 Exam 3 Review (Ch. 9 -13 Study Guide) Questions and Answers Already Passed
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UCF MAR 3023 Exam 3 Review (Ch. 9 -13 
Study Guide) Questions and Answers 
 
Already Passed 
 
What are the 5 steps of STP Analysis? 1. Establish Strategy or Objectives 
2. Use Segmentation Methods 
3. Evaluate Segment Attractiveness 
4. Select Target Market 
5. Identify and Develop Positioning Strategy 
 
Step 1: Establish Overall Strategy or Objectives The first step in the segmentation process is 
to articulate the vision or objectives of the company's marketing strategy clearly. The 
segmen...
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BUAD 332 Exam 2-Mark Moon
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Goal of Customer- Driven marketing strategy - Answer- to create VALUE for targeted customers 
 
Market Segmentation - Answer- Dividing a market into smaller groups with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes. 
 
(taking heterogeneous customers and dividing them into more homogeneous groups) 
 
selecting customers to serve - Answer- - "Who is our customer?" 
-Selecting customers to serve using segmentation and targeting 
-We canno...
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MKTG 3101 Exam #2 (A+ Guaranteed)
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Four Major Steps in Designing a Customer-Driven Marketing Strategy correct answers *select customers to serve* 
1. Segmentation 
2. Targeting 
*decide on a value proposition* 
3. Differentiation 
4. Positioning 
 
Segmentation correct answers Dividing the total market into smaller segments of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes. 
 
Targeting correct answers Evaluating each market segment's attractiveness and selecti...
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MGMT 323 Purdue Exam 2 Latest Update Graded A+
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MGMT 323 Purdue Exam 2 Latest Update Graded A+ Geographic Segmentation the grouping of consumers on the basis of where they live 
demographic segmentation grouping of consumers according to easily measured, objective characteristics such as age, gender, income, and education 
psychogrpahic segmentation method of segmenting customers based on how they spend their time and money, what activities the pursue, and their attittudes and opinions about the world in which they live 
psychographics used i...
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MNM3709 Assignment 3 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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MNM3709 Assignment 3 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED Answers, guidelines, workings and references .................... QUESTION 1.1 (1 point) 
Explain, using examples, which demographic segmentation variables For a Kid uses to segment 
their target market (100 words maximum). 
QUESTION 1.2 (1 point) 
Which option describes the process you followed to answer the essay question? 
a. I typed the question into Google and found a website with a similar answer. I copied th...
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