Market involves aggregating prospective buyers into groups, or segments, that have common needs and will respond similarly to a marketing action.

Question

Market involves aggregating prospective buyers into groups, or segments, that have common needs and will respond similarly to a marketing action.
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Solution 1

The process you're referring to is known as "Market Segmentation". Here are the steps involved:

  1. Identify and define the market: The first step in market segmentation is identifying the overall market that the company wants to target. This could be a broad market like "automobile buyers" or a mor Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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