Question

What is market segmentation? Dividing people into common groups based on Zip Code. Grouping products into distinct categories based on their historical sales levels Creating segments based on the five income levels Dividing your store (market) in separate areas for each kind of product that you sell Identifying and grouping potential customers by geographic, demographic, and psychographic attributes according to common characteristics and needs 1

Answer 1

The correct answer would be option E, Identifying and grouping potential customers by geographic, demographic, and psychograpic attributes according to common characteristics and needs.

Explanation:

When markets or consumers are divided into groups or segments on the basis of some shared characteristics, then this is called as the Market Segmentation.

The shared characteristics can be customer's Geographic, demographics, psychographics, etc.

For example, a company finds out that their jackets are liked more among teenagers, whereas there coats are liked more by adults, then this segmentation is on the basis of demographics.

Learn more about Geographic Segmentation at:

https://brainly.com/question/13323297

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