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Question : Market segmentation is:

Option 1: group of salespersons

Option 2: dividing target groups as per their needs

Option 3: market division

Option 4: marketspace


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: dividing target groups as per their needs


Solution : The correct option is dividing the target groups according to their needs .

Market segmentation helps businesses target various customer groups who view the entire worth of certain goods and services in a variety of ways. Market segmentation seeks to identify targeted groups of consumers to tailor products and branding in a way that is attractive to the group.

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