A business segments a market in order to understand the similarities and differences in consumers' needs.

Name: A business segments a market in order to understand the similarities and differences in consumers' needs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Segmentation helps businesses identify groups of consumers with similar needs, allowing them to develop targeted marketing strategies and tailor their products or services to better meet the needs of these groups.

A Business Segments a Market in Order to Understand the Similarities