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Why Is Market Segmentation Important? Describe Three Ways Firms Can

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


Definitions:

Brightness

The intensity of light energy perceived as a color; based on amplitude of light wave.

Color

A characteristic of visual perception described through hues such as red, blue, and yellow, significantly influenced by an object's spectral composition and lighting conditions.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli over time.

Sensory Receptor Cells

Specialized cells that convert external stimuli from the environment into internal electrical impulses for the nervous system.

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