A market segment that has enough profit potential to justify developing and maintaining a special marketing mix is said to be _______.

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08-09-2022
Business

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A market segment that has enough profit potential to justify developing and maintaining a special marketing mix is said to be _______.

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Tutorconsortium218 Tutorconsortium218 · Answer 1 · 2022-09-12T18:05:03+02:00

Market segmentation is considered successful when a market segment has sufficient profit potential to warrant creating and sustaining a unique marketing mix.

How can you categorize the market effectively?

Measurable, accessible, substantial, differentiable, and actionable segmentation is required for success. A corporation has a greater shot of results of this case and enhanced profitability when it has effectively segmented its market.

How to Effectively Segment,

Your Segments Need To Be Clearly Distinct.
Your target segments must be large enough to be worthwhile.
Keep in mind the segmentation goals.
Segmentation Is Not Just a Marketing Department Thing.
Utilize Data to Track Your Success

Businesses can increase the effectiveness and efficiency of their marketing campaigns by using market segmentation. A corporation is out of touch with the market if it believes that its products are "for everyone"

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