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Explain the importance to marketing managers of multiculturalism and growing ethnic markets. Multiculturalism occurs when all major ethnic groups in an area are roughly equally represented.

Explain the importance to marketing managers of multiculturalism and growing ethnic markets.

 

Multiculturalism occurs when all major ethnic groups in an area are roughly equally represented. Growing multiculturalism makes the marketer's task more challenging. America is not a melting pot but numerous mini-melting pots. Hispanics are the fastest-growing segment of the population followed by African Americans. Many companies are now creating departments and product lines to effectively target multicultural market segments. Companies have quickly found that ethnic markets are not homogeneous.

 

Go to the library and look up a minority market such as the Hispanic market. Write a memo to your boss that details the many submarkets within this segment.

Jul 23 2021 View more View Less

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