Which of the following statements about market segmentation is true?

A) It is a process of identifying and profiling distinct groups of buyers who differ in their needs and wants.

B) It is a process of creating an image or identity of the product in the minds of the target market.

C) It is a process of evaluating each segment’s attractiveness and selecting one or more to enter.

D) It involves changing the identity of a product, relative to the identity of competing products, in the collective minds of the target market.

View Answer
Option – A.