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Which is the correct marketing action to identifying a set of possible competitive advantages on which to build a position?Select one:a.Segmentationb.Targetingc.Positioningd.All of them

Question

Which is the correct marketing action to identifying a set of possible competitive advantages on which to build a position?Select one:a.Segmentationb.Targetingc.Positioningd.All of them

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Solution

The correct marketing action for identifying a set of possible competitive advantages on which to build a position is c. Positioning.

Here's why:

a. Segmentation: This is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.

b. Targeting: This is the process of selecting the most appropriate segment or segments to serve. It involves identifying which segments are most likely to be profitable or successful.

c. Positioning: This is the process of defining your product or brand's unique value proposition in relation to your competitors. It involves identifying a set of possible competitive advantages on which to build a position. This is the correct answer.

d. All of them: While all of these are important marketing actions, the specific action of identifying a set of possible competitive advantages on which to build a position is best described as positioning.

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