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Question
a hat designer has divided marketing activities to its huge consumer base into smaller groups based on lifestyle. this is an example of
multiple choice
product development.
distribution management.
market targeting.
product positioning.
market segmentation.
Market segmentation divides a large consumer market into smaller groups based on various factors like lifestyle. Product development is about creating new products, distribution management is about getting products to consumers, market targeting is about choosing which segments to focus on, and product positioning is about how a product is perceived in the market. Dividing consumers by lifestyle is market - segmentation.
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E. market segmentation