Matt had a passion for antique tools and decided to turn that passion into a brick and mortar store. He defined the broad market then narrowed it, but then he was stuck. He discussed his problem with his aunt what had years of experience in marketing positions in a large retailing firm. How could his aunt help him to take the next steps as he did know what to do next?
A) To be successful, an entrepreneur should get advice from someone of the opposite gender.
B) To make tough decisions about which kind of segmentation to use is often a judgment by someone with extensive experience.
C) To be able to determine the next steps, it's best for a small business to discuss segmentation only with people one can trust.
D) To help start-up firms, larger companies will develop mentorship programs to help the entrepreneur.

Question

Quizplus · Accepted Answer

To make tough decisions about which kind of segmentation to use often requires the judgment of someone with extensive experience, like Matt's aunt who has years of experience in marketing. This expertise can guide Matt in refining his market segmentation and targeting strategy effectively. Choices A, C, and D do not directly address the issue of leveraging expertise in market segmentation.

Matt Had a Passion for Antique Tools and Decided to Turn