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Market Segmentation Strategies
Market segmentation strategies involve dividing a broad target market into subsets of consumers, businesses, or countries that have, or are perceived to have, common needs, interests, and priorities, and then designing and implementing strategies to target them.
Proactive
Taking initiative by acting in advance of future situations rather than just reacting, thereby controlling circumstances by causing things to happen.
Reactive
Describes a response to events or situations rather than initiating or influencing them.
Customer Needs
The wants or requirements that consumers express to have satisfied by purchasing goods or services.
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