A market segment that includes sufficient profit possibility to justify inventing and holding a special marketing mix is said to be market segmentation to succeed.
What is the market segmentation?
- Market segmentation is to identify exact customer classes so that products and branding can be tailored to demand them.
- There are many different ways to segment markets, including geographically, demographically, or behaviorally.
- Market segmentation is the practice of splitting potential customers into separate categories based on variables like as demography, behavior, and other traits.
- Appeal segmentation enables businesses to more effectively comprehend and market to niche markets of customers who share similar interests, requirements, and behaviors.
- Market segmentation is the process of breaking a large consumer or corporate market into smaller consumer groups based on traits that they have in common.
- Typically, this method involves current and coming customers.
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