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18 December, 17:32

Dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors, and who might require separate products or marketing programs is known as market diversification.

True or False?

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  1. 18 December, 17:46
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    False.

    Explanation:

    Market diversification is a strategy in which the products of an orgnization are offered in a new market. The goal is for the company to grow and find new ways to increase profits. According to this, the statement that says that dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors, and who might require separate products or marketing programs is known as market diversification is false.
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