Question: What is market segmentation, and why is it important for companies? Market segmentation is dividing a market into smaller markets to increase production costs. Market

What is market segmentation, and why is it important for companies?
Market segmentation is dividing a market into smaller markets to increase production costs.
Market segmentation is understanding the market's culture and social trends.
Market segmentation is dividing a larger market into smaller markets that share a common characteristic.
Market segmentation is promoting products globally.

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