Asked by Bianca Galvez-Azanon on May 06, 2024

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Kelvin Electronics is known for high-end and expensive electronics targeted to prestigious consumers. Last fall, Kelvin Electronics introduced a mid-priced line of audio products because it knew this would have great potential to appeal to a large consumer market. Kelvin assumed consumers would be pleased to have this more affordable option and decided not to market it separately but to let sales grow from existing customers. It was surprised when sales were minimal and ultimately, the company dropped the lower-priced products. When evaluating segment attractiveness, what aspect did Kelvin fail to consider?

A) repetitive
B) identifiable
C) reachable
D) substantial
E) reactive

Segment Attractiveness

An assessment of the potential profitability and success of a specific market segment, based on factors like size, growth, competition, and alignment with the company's capabilities.

Mid-priced

Products or services categorized between the high and low ends of the price spectrum, designed to offer a balance between affordability and quality.

Audio Products

Devices or equipment designed for the purpose of producing, recording, or reproducing sound.

  • Acquire knowledge on the basic principles of market reach and the elements that impact it.
  • Appreciate the significance of customer responsiveness to marketing efforts.
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RM
Rouba MezherMay 07, 2024
Final Answer :
C
Explanation :
Kelvin Electronics failed to consider the "reachable" aspect of segment attractiveness. By not marketing the mid-priced line separately, they did not effectively reach potential customers who might be interested in a more affordable option, assuming existing high-end customers would drive sales.