In 400-500 words, use the findings of your inquiry and analysis to complete the following instructions:
Explain the ways in which market segments may be evaluated and how these evaluations are used to select an effective targeting strategy.
Compare and contrast a targeting strategy and a positioning strategy; distinguish the interrelationship(s) between the two strategies. Examine the accuracy, relevance, logic, and objectivity of the information used to support your work.
Predict how the use of Customer Relationship Management (CRM) influences long-term business profitability and success.
Form conclusions about the need for market segmentation, including a discussion of the available methodologies for selecting appropriate market segments.
Judge the effectiveness of a competitor’s targeting and positioning strategies in your market. Your conclusions should be a logical summary of the findings of your inquiry and analysis. Discuss relevant limitations and implications with supporting detail.