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An entrepreneur finds that two customer groups have different needs. What is the most appropriate strategy?

Answer and explanation

Correct answer: Create suitable offerings and promotion for each group

When customer groups have different needs, segmentation helps the entrepreneur understand each group and targeting helps select how to serve it. The business can adjust features, prices, communication, or promotion so that each offer is more useful and relevant. This does not mean every group must receive a completely different product, but it does require thoughtful adaptation. Forcing one message on everyone or abandoning a group without evidence ignores customer differences.

Related tags

Market-SegmentationTargetingCustomer-NeedsIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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