If you group customers on the basis of gender, age, or income level, so it is an example of а. None of the option is correct b. Marketing mix с. Market segmentation d. Strength and weaknesses

Q: involves dividing up consumers into groups that share similar characteristics such as demographics,

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Q: Which of the following play an important role in marketing planning and marketing strategy? A.…

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Q: Which of the following refers to niche marketing? Targeting a very select group of customers. The…

A: Niche marketing is a marketing strategy that targets a highly specific and well-defined market…

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A: Consumer is an individual or group of individual that purchases goods or services for self…

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Q: The idea of "self-concept" is used to explain: O why most companies that enter a new market only…

A: The right option is the third option.

Product and Service Classification

Classification of goods and services categorized between industry and customer goods is known as Product and Service classification. It is based on brands, quality, and quantity which companies deliver to the concerned client. Industrial goods are produced for industrial work, whereas consumer goods are produced for personal consumption by the customers. Marketing and sales need technological methods, a healthy environment, proper market strategies, marketing environment in terms of productivity and profit.