Asked by Gisselle Leyva on May 28, 2024

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Karen has identified four potential market segments for her Rent-A-Chef home meal catering service. The next step is to

A) categorize each market segment by consumer demographics.
B) establish her overall objectives.
C) decide on a targeting strategy.
D) develop a positioning strategy.
E) evaluate the attractiveness of each segment.

Targeting Strategy

An approach businesses use to identify and serve specific segments of the market that are most likely to benefit from their products or services.

Market Segments

Subsets of a market composed of individuals or organizations with similar characteristics, needs, or behaviors that a business targets as part of its marketing efforts.

Positioning Strategy

A marketing approach that aims to establish a brand or product in the mind of the target audience in comparison to competitors.

  • Discover and enact methods for targeting in the segmentation of a market.
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Amelia AkomaMay 29, 2024
Final Answer :
E
Explanation :
The next step for Karen should be to evaluate the attractiveness of each identified market segment. This will enable her to determine which segment is the most viable and worth targeting, based on factors such as size, profitability, growth potential, competition, and compatibility with the company’s resources and goals. Only after evaluating the attractiveness of each segment can Karen move on to deciding on a targeting strategy, developing a positioning strategy and establishing overall objectives.