John is a part of the marketing team in his company. There is a conflict between the finance team and the marketing team of the company on the issue of market segmentation. While the finance team is arguing for a standardized approach toward market segmentation, John and his team members feel that it is more important to understand customer requirements on an individual basis for greater customer satisfaction. Which of these terms best describes the approach adopted by John's team?

A. normalization
B. homogenization
C. standardization
D. integration
E. customization

Answer: E. customization

Business

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Explain the VALS framework

What will be an ideal response?

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Which of the following terms refers to benefits for time not worked, such as unemployment insurance, vacation and holiday pay, and sick pay?

A) supplemental pay benefits B) employee assistance C) financial incentives D) premium benefits

Business