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Why Is Market Segmentation Important? Describe Three Ways Firms Can

question 183

Essay

Why is market segmentation important? Describe three ways firms can segment consumer markets.


Definitions:

AP Writing Guidelines

Standard writing guidelines set by The Associated Press, often used in journalism and news reporting to ensure clarity, accuracy, and consistency.

Correctly Formatted

Properly arranged according to specified guidelines or standards, especially in context of documents or data.

News Releases

Official statements issued to the media to announce newsworthy events or developments associated with an organization or individual.

Brand Positioning

The strategy used by a company to differentiate its product or service from its competitors to occupy a distinct place in the minds of the target market.

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