Supply Chain Management

Category - Market Segments

The segmentation process and its implementation has which of the following stages?
  1. Segmentation
  2. Targeting
  3. Positioning
  4. All of the above.
Explanation
Answer: D - The segmentation process and its implementation is done through three stages: targeting, segmentation, and positioning. Segmentation considers different variables for segmenting the market from those presently used. Targeting decides on a targeting strategy, its priorities, and who should be targeted. Positioning understands the perceptions of consumer and positions the product in the mind of consumer and retailer within the targeted segment.
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