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What Is Market Segmentation? Why Is It Important for Companies

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What is market segmentation? Why is it important for companies to do?


Definitions:

Re-elected

This occurs when an official or incumbent is chosen again by the voters to serve another term in the same office.

Economic Efficiency

The optimal allocation of resources to maximize production and fulfill consumer needs in a way that minimizes waste and inefficiency.

Politician

An individual actively engaged in politics, often holding or seeking an elected position within government.

Contributors

Individuals or entities that provide resources, such as money, time, or expertise, to support a project, cause, or organization.

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