Help me study for my Marketing class. I’m stuck and don’t understand.
Q1. Discuss two advantages and two disadvantages of moving from a mass marketing approach to a one-to-one marketing approach
Q2. The STP & Customer Centric Approach.
- Discuss the steps in the STP approach for managing customer heterogeneity
- List and discuss the available tools to aid marketers in their quest to manage customer heterogeneity
- What is the major difference between the STP approach and the customer-centric approach to managing customer heterogeneity? Given your knowledge of both, how can firm best design their marketing strategies?