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Market segments should compromise of customers who:

Market segments should compromise of customers who: Correct Answer Share similarities

The correct answer is to Share similarities.

Key Points

  • Market segmentation is the process of dividing a target market into smaller, more defined categories.
    • The customers and audiences are segmented into groups that share similar characteristics such as demographics, interests, needs, or location. 
    • Market segmentation makes it easier to focus marketing efforts and resources on reaching the most valuable audiences and achieving business goals.
    • Market segmentation allows to get to know the customers, identify what is needed in the market segment, and determine how can those needs be met best with the product or service.
    • It helps to design and execute better marketing strategies from top to bottom.

Related Questions

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In a particular shop on particular day, the ratio of number of male customers and female customers visited is 4 : 5. On Other day, there is percentage increase in number of female customers by 20% and new ratio of number of male customers to the number of female customers is 1 : 2. Find the percentage by which number of male customers decrease.
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3. Monopoly in the labour market is extremely rare.
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A trapezium is formed by joining two parallel line segments of unequal length. The arrangement of both lines is such that the excessive length of the longer parallel line segment is equally distributed on both sides of the end point of shorter line segment. The non-parallel line segments are of equal length and the length of parallel line segments in 10 cm and 18 cm. What is the area of trapezium if the perimeter is 38cm?
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