Correct Answer: You need to tailor your marketing strategy and products to each market segment differently
Explanation:
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More Business Planning MCQ Questions
Why would a company with a very rigid business plan possibly face trouble?
What is meant by Mass Marketing?
Why should a business plan be revisited annually?
What is a value chain?
What is a way to segment the market?
True or False: Narrowing the target for potential clients helps because it concentrates sales efforts to a selective group that is most likely to be most profitable.
What does Market Share mean?
What is the first section in a traditional business plan?
How long should a typical business plan project for?
The 4Ps are also known as: