Good Business Relationships Are Built on Your Knowledge of Your

question 139

True/False

Good business relationships are built on your knowledge of your company, industry, and customers' needs.

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Definitions:

Segments

In marketing, it refers to subsets of a market made up of people or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities like interests, needs, or location.

Demographic Segmentation

The process of dividing a market into smaller groups based on demographic factors such as age, income, gender, or education.

Lego Company

A global toy manufacturing company known for its line of interlocking plastic bricks and accompanying accessories.

Untapped Group

A segment of the market or population that has not yet been addressed or utilized by businesses in their marketing campaigns or product offerings.