Because of the majority fallacy concept, a company needs to consider the degree of competition in each market segment, as well as the size of each market segment, in deciding whether or not to appeal to that particular segment.

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The majority fallacy concept suggests that targeting the largest market segment may not always be the most profitable strategy, especially if that segment is already highly competitive. Companies should consider both the size of the market segment and the level of competition within it to make informed decisions about which segments to target.

Because of the Majority Fallacy Concept, a Company Needs to Consider