Introduce a new zero-sugar orange juice to the market

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Assignment:

You are a Chief Marketing Officer of "Drink it now" multinational juice company. You are going to introduce a new zero-sugar orange juice to the market.

1) Explain why you need to do market segmentation.

2) Based on segmentation bases that you know, identify at least 3 factors that you are going to use for the segmentation for new no-sugar orange juice. Please, use different segmentation bases for each factor.

3) What segmentation basis does this factor belong to?

4) Explain why each chosen segmentation factor is important for this particular situation.

Reference no: EM133226498

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