People's diverse interests and backgrounds divide them into numerous groups with distinct needs and wants, a condition most accu

Question

otez555 [7]

4 years ago

12

People's diverse interests and backgrounds divide them into numerous groups with distinct needs and wants, a condition most accu

rately described as

Social Studies

1 answer:

Travka [436] · Answer 1 · 2021-12-03T08:53:14+03:00

<span>People's diverse interests and backgrounds divide them into numerous groups with distinct needs and wants, a condition most accurately described as market fragmentation.
</span><span>The term marker fragmentation denotes the creation of many consumer groups due to a diversity of distinct needs and wants in modern society. </span>It is the development of small new market segments within a saturated market.