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What is the main benefit of customer segmentation?

Answer and explanation

Correct answer: Suitable products and messages can be made for different customer groups

Customers differ in needs, income, location, preferences, and buying behaviour. Segmentation groups people with relevant similarities, allowing an enterprise to design more suitable products, messages, prices, and channels for each target group. It does not mean ignoring customers, fixing one price forever, or ending market research. Instead, segmentation makes research and targeting more focused.

Related tags

Customer-SegmentationTarget-MarketingEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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