Singles, families, and retirees could be considered market segments for a company promoting travel packages.

Question

Quizplus · Accepted Answer

Market segmentation involves dividing a broad target market into subsets of consumers who have common needs and priorities. Singles, families, and retirees represent distinct groups with different travel preferences and requirements, making them relevant market segments for travel packages.

Singles, Families, and Retirees Could Be Considered Market Segments for a Company