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An entrepreneur creates separate groups based on customers' age, preferences and location. Which function is this?

Answer and explanation

Correct answer: Market segmentation

Market segmentation divides a broad market into smaller groups whose members share characteristics such as age, location, needs or preferences. This helps an entrepreneur understand different customers and later select suitable target groups and marketing approaches. Quality control checks products, delegation assigns work and record keeping maintains information. Therefore option C is correct.

Related tags

Market SegmentationCustomersTargetingQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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