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Market Segmentation Is a Two-Step Process That Involves Naming Broad

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Market segmentation is a two-step process that involves naming broad product-markets and segmenting these broad product-markets in order to select target markets and develop suitable marketing mixes.


Definitions:

Employment Offer

A formal proposal of employment provided by an employer to a potential employee, specifying details such as position, salary, and conditions.

Carpool

An arrangement where several individuals travel together in one vehicle, especially to work or school, to save costs and reduce traffic congestion.

Tax Rates

The percentage at which an individual or corporation is taxed.

Stock Options

Financial instruments that give employees the right to buy a company's shares at a predetermined price, often used as a form of employee incentive.

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