Supply Chain Management

Category - Market Segments

Market segmentation can also help a business learn how to reinforce existing _____________.
  1. Consumer force
  2. Demand market
  3. Customer loyalty
  4. All of the above.
Explanation
Answer: C - Along with playing a major role in developing new marketing efforts to attract new customers, market segmentation can also help a business learn how to reinforce existing customer loyalty. For example, a firm may request some kind of feedback through questions specifically addressed to a certain group with the purpose of obtaining practical suggestions on how to make a product better. The customer will then identify that the company is truly aware and the bonds between them will grow stronger.
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