Which of the following marketing concepts is an important reason for analyzing differences?
A)new product development
B)market segmentation
C)channel of distribution strategy
D)promotion mix
E)product differentiation

Question

Quizplus · Accepted Answer

Market segmentation involves analyzing differences among customers and grouping them based on their unique characteristics and needs. This helps in creating targeted marketing strategies for each group, thereby increasing the effectiveness of marketing efforts.

Which of the Following Marketing Concepts Is an Important Reason