The Goal of Market Segmentation Is to Ensure Profit for All

question 47

True/False

The goal of market segmentation is to ensure profit for all product categories and promote customization to meet customer needs.

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Definitions:

Customers

People or companies that buy products or services from a business.

Collection Time

The average period that a company takes to collect cash from its credit sales.

Cheques

A document that is written, dated, and signed, which gives an absolute command to a bank to pay a specific amount of money to the recipient.