Information to design appropriate marketing tactics is uncovered by –Question 13Answera.Marketb.Market divisionc.Groupsd.Market Segmentation
Question
Information to design appropriate marketing tactics is uncovered by –
Question 13
Answer:
- a. Market
- b. Market division
- c. Groups
- d. Market Segmentation
Solution
The information to design appropriate marketing tactics is uncovered by Market Segmentation.
Step 1: Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics.
Step 2: The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.
Step 3: By understanding these segments, marketers can create more targeted and effective marketing tactics.
Step 4: These tactics can then be applied to the appropriate market segments to increase effectiveness and efficiency.
So, the answer is d. Market Segmentation.
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