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Market segmentation contains using the whole heterogeneous marketplace for an item and dividing it into several sub-marketplaces or segments, Every of which tends to be homogeneous in all important factors.[twelve] The procedure is conducted for two primary functions: far better allocation of the organization's finite assets and to better serve the
Market place segmentation includes taking the whole heterogeneous market for a product and dividing it into numerous sub-markets or segments, Every of which has a tendency to be homogeneous in all sizeable areas.[12] The process is performed for 2 most important applications: improved allocation of a company's finite resources and to higher serve t