Market segmentation is the process of dividing up of the large part of the consumers into smaller parts to analyze the market demand and supply. It helps in reaching the targeted customers with the specific needs. In order to achieve this goal, we divide the specific subfields of the customers with the homogenous demands. It allows the companies to deal with the different categories of the customers with the appropriate products and the services. It takes lots of time and research with huge market analysis experience.
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