GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is the pattern of segmentation wherein the firms view each customer as a separate segment?
A
Undifferentiated marketing
B
Concentrated marketing
C
Customized marketing
D
Differentiated marketing
Explanation: 

Detailed explanation-1: -Therefore, when a company treats every single customer as a separate segment, this is called Micro Marketing.

Detailed explanation-2: -Firmographic segmentation: Business-to-business (B2B) companies may use firmographic segmentation to divide up the businesses in a market. This is similar to demographic segmentation with individual consumers but instead looks at the characteristics of companies that may become customers.

Detailed explanation-3: -Market segmentation is the process of dividing a broad population into subgroups according to certain shared factors. These groups may have common demographics (age, gender, etc.), geographic location, attitudes, behaviors, or a combination of similar characteristics. A consumer may belong to multiple market segments.

Detailed explanation-4: -Behavioral segmentation refers to a marketing segmentation process in which customers are divided by their behavior patterns when interacting with a business.

Detailed explanation-5: -Demographic. Psychographic. Geographic. Behavioral. 06-Dec-2022

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