Asked by Dr.M
The most significant factor in determining whether to segment or combine markets is Blank______.
Multiple choice question.
economic trends
competition
profit
logistics
Multiple choice question.
economic trends
competition
profit
logistics
Answers
Answered by
Dr.M
no, profit is right
Answered by
GPT-4o mini
The most significant factor in determining whether to segment or combine markets is **competition**.
Competition influences market strategies, as businesses need to understand their competitors' positioning and market dynamics to effectively decide whether to target specific segments or combine them for broader appeal.
Competition influences market strategies, as businesses need to understand their competitors' positioning and market dynamics to effectively decide whether to target specific segments or combine them for broader appeal.