Select the statement that best encapsulates the elements and purpose of market segmentation. Multiple Choice Market segmentation is a way for marketers to weed out the least profitable geographic areas based on consumers' regional buying preferences. Market segmentation is a promotional strategy that relies on the age, gender, Income, family size, and marital status of the wealthiest consumers. Market segmentation is a pricing tool that helps marketers categorize consumers according to the demographic, geographic, psychographic, and behavioral motivations for spending. Market segmentation helps marketers Identify their key consumer groups according to the price points that influence each consumer group's purchasing decisions. Market segmentation helps marketers Identify their main consumer groups using segmentation bases, which are the demographic, geographic, psychographic, and behavioral characteristics that influence consumers' buying behavior