___________ involves clustering people with the same needs into individual and recognizable groups.Select one:a.Market segmentationb.Common factors segmentationc.Group segmentationd.Customer needs segmentation
Question
___________ involves clustering people with the same needs into individual and recognizable groups.Select one:a.Market segmentationb.Common factors segmentationc.Group segmentationd.Customer needs segmentation
Solution
The answer is a. Market segmentation. This process involves dividing a broad target market into subsets of consumers who have common needs and priorities, and then designing and implementing strategies to target them.
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