ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

ENTREPRENEURIAL PROCESS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The total market is divided according to geographical locations in the Philippines like provincial regions, cities, provinces, municipalities and even barangay units.
A
Market Segmentation
B
Geographic Segmentation
C
Market Identification
D
Niche Entrepreneurial Marketing.
Explanation: 

Detailed explanation-1: -The total market is divided according to geographical locations in the Philippines like provincial regions, cities, provinces, municipalities, and even barangay units. The market is divided based on the demographic variables of the customers. The market is divided in the terms of what the customers think and believe.

Detailed explanation-2: -Geographic segmentation is a component that competently complements a marketing strategy to target products or services on the basis of where their consumers reside. Division in terms of countries, states, regions, cities, colleges or Areas is done to understand the audience and market a product/service accordingly.

Detailed explanation-3: -Geographic segmentation involves segmenting your audience based on the region they live or work in. This can be done in any number of ways: grouping customers by the country they live in, or smaller geographical divisions, from region to city, and right down to postal code.

Detailed explanation-4: -Niche Entrepreneurial Marketing. An entrepreneurial marketing strategy designed primarily to divide the market into small segments with distinct needs, characteristics or behavior.

There is 1 question to complete.