Multiple Choice
Quality Ceramic, Inc. (QCI) defined five submarkets within its broad product-market. To obtain some economies of scale, QCI decided NOT to offer each of the submarkets a different marketing mix. Instead, it selected two submarkets whose needs are fairly similar, and is counting on promotion and minor product differences to make its one basic marketing mix appeal to both submarkets. QCI is using the
A) combined target market approach.
B) single target market approach.
C) multiple target market approach.
D) mass marketing approach.
E) None of these is a good choice for Quality Ceramic.
Correct Answer:

Verified
Correct Answer:
Verified
Q252: Coorgs Coffee, Inc., has substantial market share
Q253: Clustering techniques<br>A) help sellers fine-tune the marketing
Q254: A generic market definition includes all of
Q255: Which of the following is NOT true
Q256: A cluster analysis of the "toothpaste market"
Q258: Step 2 in the 7-step approach to
Q259: _ refers to how customers think about
Q260: Given its interest in the broad product-market
Q261: Product type determining dimensions<br>A) are generally relevant
Q262: "Good" market segments are those that are:<br>A)