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Core Benefit Proposal
The fundamental value or advantage that a consumer receives from a product or service, which is the main reason for their purchase.
Marketing Mix
The combination of variables that a company can control to influence consumers to purchase its products, often categorized into the four Ps: Product, Price, Place, and Promotion.
Product
An item or service created as a result of a process and serves a need or wants.
Market Segmentation
The process of dividing a broader market into smaller, distinct groups of consumers with similar needs, characteristics, or behaviors who might require separate products or marketing mixes.
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