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

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

Quizplus · Accepted Answer

Market segmentation is the process of identifying and targeting specific groups of customers with different needs, preferences, and behaviors. The goal is to increase demand and maximize profits by tailoring marketing efforts to each segment.

Market Segmentation Is the Process of Seeking Fewer Customers and Reduced