The primary reasons for carrying out market segmentation for market trend analysis are:
- To avoid wastage of precious company resources.
- To divide the market into various segments, or target groups.
- To target each profitable segment in a unique way that suits that particular segment, and
provides adequate returns.
- To avoid overlapping and redundant information to one particular segment.
- To get maximum response and sales from each segment.
Titany answered the question on November 12, 2021 at 07:51
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