MARKETING:REAL PEOPLE,REAL CHOICES
MARKETING:REAL PEOPLE,REAL CHOICES
10th Edition
ISBN: 9780135199893
Author: Solomon
Publisher: RENT PEARS
Question
Book Icon
Chapter 7, Problem 9QA
Summary Introduction

To state: The differences between undifferentiated, differentiated, concentrated and customized marketing along with the concept of mass customization.

Introduction:

Market segmentation:It is defined as a process where the marketers divide the customer group into various segments that share important characteristics.

Mass customization: Itis defined as marketing strategy in which a firm transforms a good or service so as to meet an individual customer’s needs.

Blurred answer
Students have asked these similar questions
Define the term marketing mix (four Ps) ?
What is marketing mix (four Ps) ?
Suggest various types of segmentation for the brand Yuva.
Knowledge Booster
Background pattern image
Recommended textbooks for you
  • Text book image
    MARKETING 2018
    Marketing
    ISBN:9780357033753
    Author:Pride
    Publisher:CENGAGE L
    Text book image
    Contemporary Marketing
    Marketing
    ISBN:9780357033777
    Author:Louis E. Boone, David L. Kurtz
    Publisher:Cengage Learning
    Text book image
    Marketing
    Marketing
    ISBN:9780357033791
    Author:Pride, William M
    Publisher:South Western Educational Publishing
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Text book image
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing