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Under What Conditions Can Customers Be Divided into Segments? Why

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Under what conditions can customers be divided into segments? Why is customer segmentation a good idea for an entrepreneur?


Definitions:

Manufacturing Equipment

Tools, machinery, and other durable equipment used in the production process of goods.

Federal Trade Commission

A U.S. federal agency established to prevent fraudulent, deceptive, and unfair business practices in the marketplace.

State Agency

A government body at the state level responsible for overseeing and implementing specific regulations and policies within its jurisdiction.

Equal Credit Opportunity Act

A U.S. law aimed at ensuring all consumers have an equal chance to obtain credit, prohibiting discrimination based on race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.

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