ENTREPRENEURSHIP

INNOVATION AND CREATIVITY

TYPES OF INNOVATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
what do you understand by segment zero?
A
no one want to buy the product
B
the product not around but people want to buy it
C
the product is around but people dont want to buy it
D
None of the above
Explanation: 

Detailed explanation-1: -With Zero-Segment Marketing, rather than assigning a specific offer to a specific segment, marketers assign decision criteria to each offer that are shared and consistent across all channels.

Detailed explanation-2: -Cater to different customer groups Without product segmentation, you’ll either be offering customers less than they need, or more than they need. While more features isn’t necessarily a problem, you don’t want customers feeling as though they’re paying too much extra for something they don’t need.

Detailed explanation-3: -Low-cost personal copiers appeared from a Japanese company to the U.S. industry as a Segment Zero of the industry. Another example is the compact segment of the car industry in the ‘70s. And as we look around, the Internet is a major conveyance of the Segment Zero phenomenon in all kinds of different areas.

Detailed explanation-4: -Demographic, psychographic, geographic, and behavioral are the four pillars of market segmentation, but consider using these four extra types to enhance your marketing efforts.

There is 1 question to complete.