A market consists of different type of markets. Justify the statement along with examples.
Answers
Explanation:
in one market there are many stalls like groceryy, medical, clothes etc. so in kne market there are are many markets
Answer:
4 Types of Market Segmentation With Examples
Using different types of market segmentation allows you to target customers based on unique characteristics, create more effective marketing campaigns, and find opportunities in your market.
What Is Market Segmentation?
Market segmentation is the process of dividing a target market into smaller, more defined categories. It segments customers and audiences into groups that share similar characteristics such as demographics, interests, needs, or location.
Eight Benefits of Market Segmentation
The importance of market segmentation is that it makes it easier to focus marketing efforts and resources on reaching the most valuable audiences and achieving business goals.
Market segmentation allows you to get to know your customers, identify what is needed in your market segment, and determine how you can best meet those needs with your product or service. This helps you design and execute better marketing strategies from top to bottom.
Market segmentation helps you get to know your customers, identify what's needed in your market segment, and determine how you can best meet those needs with your product or service.
Explanation: