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An entrepreneur segmented customers not only by income but also by usage situation and expected service. Which function does this show?

Answer and explanation

Correct answer: Multidimensional market segmentation

Multidimensional market segmentation groups customers using several relevant characteristics, such as income, usage situation, and service expectations. This helps the entrepreneur design suitable products and messages for each group. Pricing, recruitment analysis, and accounting classification do not describe dividing a market by customer needs.

Related tags

Market SegmentationCustomer NeedsQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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