If a Business Owner Envisions Several Target Markets, Each Segment

question 94

True/False

If a business owner envisions several target markets, each segment must have a corresponding customer profile.

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Definitions:

Scale Free

A network topology characteristic where some nodes (hubs) have significantly more connections than others, following a power-law distribution.

WOM

WOM, or Word Of Mouth, describes the process through which consumers share their experiences with a product or service, influencing other potential customers.

Novel

New or not previously identified, often referring to ideas, products, or phenomena that are innovative or unprecedented.

Stickiness

The ability of a product, service, or website to retain user interest and engagement over time.