Market segmentation is the process of seeking fewer customers and reduced demand for profit maximization only.

Name: Market segmentation is the process of seeking fewer customers and reduced demand for profit maximization only.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Market segmentation is the process of dividing a broad consumer or business market into sub-groups of consumers based on shared characteristics to better target and meet the needs of those specific segments, not to seek fewer customers or reduce demand.

Market Segmentation Is the Process of Seeking Fewer Customers and Reduced