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211.(p. 190)Why would an organization produce multiple products or services and then attempt to sell them to two or more market segments? AACSB: AnalyticalBlooms: ComprehensionDifficulty Level: MediumKerin - Chapter 09 #211Learning Objective: 09-01 Explain what market segmentation is and when to use it.Topic: Multiple Products-Multiple Markets
212.(p. 190-191)Explain the difference between mass customization and build-to-order. AACSB: AnalyticalBlooms: ComprehensionDifficulty Level: MediumKerin - Chapter 09 #212Learning Objective: 09-01 Explain what market segmentation is and when to use it.Topic: Mass CustomizationFIGURE 9-7Kerin - Chapter 09213.(p. 191-192)There are five key steps in segmenting and targeting markets, which link market needs of customers to the organization's marketing program. Using Figure 9-7, identify the five-step process in the proper order starting with step 1. AACSB: AnalyticalBlooms: ComprehensionDifficulty Level: MediumKerin - Chapter 09 #213Learning Objective: 09-02 Identify the five steps involved in segmenting and targeting markets.
Topic: Steps in Segmenting and Targeting Markets214.(p. 192)What are the five essential criteria that segments should have to ensure the success of segmentation? AACSB: AnalyticalBlooms: ComprehensionDifficulty Level: MediumKerin - Chapter 09 #214Learning Objective: 09-02 Identify the five steps involved in segmenting and targeting markets.Topic: Criteria to form Segments