Companies are creating ________ that address the demands of smaller groups.

Question

Quizplus · Accepted Answer

Companies are realizing that catering to niche markets with specialized products is a more effective strategy than trying to appeal to a broad audience with generic products. This trend, known as market segmentation, allows companies to create products and services that meet the specific needs of smaller groups, leading to increased customer satisfaction and brand loyalty.

Companies Are Creating ________ That Address the Demands of Smaller