Market segmentation benefits consumers and has increased society's standard ofliving.

Name: Market segmentation benefits consumers and has increased society's standard ofliving.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Market segmentation allows companies to better understand and meet the specific needs and preferences of different consumer groups, ultimately leading to the creation of more tailored products and services. This, in turn, can increase consumer satisfaction and improve their overall standard of living.

Market Segmentation Benefits Consumers and Has Increased Society's Standard Ofliving