Asked by Marissa Gonçalves on Apr 26, 2024

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Cooper Foods, a food manufacturer, decides to sell its ready-to-eat meals to consumers in the country of Pinetown. The company designs a product positioning strategy to promote its ready-to-eat meals among working professionals who are often unable to prepare meals on working days due to their hectic schedules. Within a few months, Cooper Foods successfully establishes itself in the Pinetown market. Given this information, it can be said that Cooper Foods engaged in _____.

A) global market segmentation
B) business process outsourcing
C) vertical integration
D) insourcing

Product Positioning

The strategic process of establishing a brand or product in the market to differentiate it from competitors, targeting specific consumer preferences.

Ready-To-Eat Meals

Pre-cooked or prepared meals that require little to no additional preparation before consumption, designed for convenience and time-saving.

Working Professionals

Individuals who are employed in a job that requires expertise and skills related to a specific area of work.

  • Understand the principle of worldwide market segmentation and its significance in the realm of international trade.
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ARATHY MOHANMay 03, 2024
Final Answer :
A
Explanation :
Cooper Foods engaged in global market segmentation by identifying and targeting a specific group of consumers (working professionals in Pinetown) with specific needs (ready-to-eat meals for busy schedules) in a specific country. This strategy involves dividing a market into distinct subsets of consumers with common needs or characteristics and selecting one or more segments to target with a tailored marketing mix.