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Test The most profitable sector in your niche
Agenda
QUESTION 1: IS IT IMPORTANT TO MAKE INFORMED AND STRATEGIC DECISIONS IN THE BUSINESS WORLD?
No, informed and strategic decision making is a current fad in the business world
Yes, informed and strategic decision making is important but it only applies to large companies
Yes, informed and strategic decision making is essential for sustainable success
None of the above
QUESTION 2: WHAT IS THE KEY ISSUE IN THE SEARCH TO IDENTIFY PROFITABLE AREAS IN THE MARKET NICHE?
How can we keep the attention of old customers through marketing strategies?
Which market segments are less relevant to the company?
None of the above
Which areas have the greatest growth potential?
QUESTION 3: WHAT DOES THE PROCESS OF IDENTIFYING WHICH SECTOR OF YOUR NICHE BRINGS YOU THE MOST REVENUE INVOLVE?
Engage a sales team to increase profits in all segments equally
Organizing promotional events to attract new customers to less profitable segments
Collect detailed data on each segment in your niche
None of the above
QUESTION 4: WHY IS IT IMPORTANT TO EXAMINE TRENDS AND PATTERNS IN SEGMENT ANALYSIS?
To identify segments that do not contribute significantly to income
To understand how demand changes at different points in time and to locate potential opportunities
To identify the days of the week with less activity in the segments
None of the above
QUESTION 5: WHAT IS ONE OF THE OBJECTIVES OF ANALYZING THE PROFILE OF THE MOST VALUABLE CUSTOMER IN TERMS OF REVENUE?
Focusing efforts on segments that generate more lucrative customers
Identify segments with the lowest demand
Analyze segments that do not generate significant revenues
None of the above
QUESTION 6: WHY IS IT ESSENTIAL TO TEST AND ADJUST AFTER IDENTIFYING THE MOST PROFITABLE SECTOR?
To ensure that the profitable sector remains unchanged over time
To minimize the time and resources invested in the profitable sector
To test different approaches and tactics and evaluate their real impact on results
None of the above
QUESTION 7: WHAT DO YOU SEEK TO ACHIEVE BY DIRECTING RESOURCES TO THE MOST PROFITABLE SEGMENTS?
Increase operating costs
Maximizing capabilities and operational efficiency
Reducing the focus on less profitable segments
None of the above
QUESTION 8: WHY IS DATA-DRIVEN ADAPTABILITY CRUCIAL TO BUSINESS STRATEGY?
To maintain competitive advantages in an ever-changing environment
To ensure that the original strategy remains unchanged
To eliminate the need for testing and adjustments
None of the above
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