Asked by shanti manokaran on Jun 27, 2024

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In the _____ to market segmentation,a company develops one marketing strategy for a single market segment.

A) mass market approach
B) total-market approach
C) differentiated approach
D) multi-segment approach
E) concentration approach

Total-Market Approach

A marketing strategy that aims to broaden the reach and applicability of a product or service to all potential consumers, not just targeted segments.

  • Understand the principles of total-market, niche-market, and multi-segment marketing strategies and their outcomes.
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CM
Christian MendozaJul 03, 2024
Final Answer :
E
Explanation :
In the concentration approach to market segmentation, a company focuses its efforts on a single market segment, developing one marketing strategy specifically tailored to meet the needs of that segment. This approach contrasts with strategies that target multiple segments or the entire market.