Asked by Jenny Mclin on Apr 29, 2024

verifed

Verified

Bethany is concerned that one of the potential market segments she has identified for her dog grooming service is too small and has too little income to have sufficient buying power. Bethany is concerned with whether the segment is

A) substantial.
B) responsive.
C) profitable.
D) reachable.
E) identifiable.

Buying Power

The capacity of individuals or groups to purchase goods and services, often influenced by income, credit, and economic conditions.

Market Segment

A group of consumers or organizations sharing one or more characteristics that cause them to have similar product and/or service needs.

Dog Grooming

The process of cleaning and hygienic care for dogs, often involving hair trimming, nail clipping, and bathing.

  • Acquire the ability to assess the appeal of various market segments.
verifed

Verified Answer

KS
Kevin StudioMay 02, 2024
Final Answer :
A
Explanation :
Bethany's concern about the market segment being too small and having too little income to have sufficient buying power directly relates to whether the segment is substantial. A substantial market segment is large enough and has enough purchasing power to be profitable.