(Answered) Consumers are diverse and have different needs and wants

Management Studies

Consumers are diverse and have different needs and wants. Marketing professionals use segmentation to divide the marketplace into groups of consumers who have similar needs and wants.

Please reflect on the company that markets your favorite beverage or the company that markets your preferred laundry detergent (select 1 specific company and 1 specific brand from this company).
If you were to market this product, what 3 different consumer segments would you market to, and why?

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