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In which situation has the entrepreneur correctly identified a customer segment?

Answer and explanation

Correct answer: Making low-cost study material for students

A customer segment is a group whose members share relevant characteristics or needs. Students are a recognisable target group, and low-cost study material is designed around their likely requirements and price sensitivity. Treating everyone alike or ignoring customer characteristics does not represent segmentation or focused targeting.

Related tags

Customer-SegmentTarget-MarketMarketing Management PhilosophiesMarketing ManagementBusiness StudiesClass 12 Mcq

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