is profitable because the company knows the needs of the target customer segment better than other firms that casually attempt to sell to the same segment.
A)Benchmarking
B)Dynamic marketing
C)Undifferentiated marketing
D)Market niching
E)Vertical marketing

Question

Quizplus · Accepted Answer

Market niching involves identifying a specific customer segment and catering to their unique needs and preferences. By focusing on a narrow market niche, the company can develop a deeper understanding of the target segment's needs and offer tailored solutions, which can lead to higher profits.

Is Profitable Because the Company Knows the Needs of the Target