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- .. How can organizations effectively select target markets for test marketing initiatives?1. What is a target market? Why is it important to know the target before creating the marketing mix?C. how can a company effectively identify and target the most profitable customer segments within a chosen market? What strategies can be used to maximize profitability within these segments?
- FOR GOOGLE, Is the size of each market segment sufficiently large or important to warrant a unique marketing mix? please answer and elaborateHow does market segmentation differ from market targeting. What factors must look at in evaluating market segment?Why is selecting appropriate target markets importantfor an organization that wants to adopt the marketingconcept philosophy?
- What is Marketing? How does marketing add value to the product? What are the approaches for market segmentation? Explain with a local example for each segmentation approach?1. What are the different types of Market segmentation and explain each. 2. What are the requirements for effective segmentation?Find words which mean the following. 1 a company's sales expressed as a percentage of the total market 2 short-term tactics designed to stimulate stronger sales of a product 3 the situation in which there is only one seller of a product 4 companies offering similar goods or services to the same set of customers 5 a short and easily memorized phrase used in advertising 6 the division of a market into submarkets according to the needs or buying habits of different groups of potential customers 7 a small and specific market segment 8 a factor which makes you superior to competitors in a certain respect 9 a business's total sales revenue 10 a period during which an economy is working below its potential