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Customer segmentation divides customers into groups based on characteristics like buying behavior, preferences, and demographics. This enables targeted marketing strategies that cater to specific customer needs, increasing engagement and conversion rates. Data-driven segmentation helps marketers personalize content and promotions, ensuring more effective use of marketing resources and maximizing return on investment (ROI). Techniques such as clustering and decision tree analysis are commonly used in segmentation. Option A is incorrect as customer segmentation is directly related to customer behavior. Option C is incorrect because it does influence future strategies by guiding marketing efforts. Option D is incorrect because it has no relevance to stock market trends. Option E is incorrect as data accuracy, while important, is not the primary purpose of segmentation.
Vijayakumar Menon recently died. He was a_____?
How many entities did the Reserve Bank of India (RBI) add to its Alert List of unauthorised forex trading firms in October 2024?
How Many statements about Malta joining the International Solar Alliance (ISA) is/are incorrect?
1. Malta is the 119th country to join the ISA.
Which ruler marked the end of the French Revolution with his ascent to power in the late 1790s?
What is the purpose of the Urban20 engagement group under the G20?
A) To bring together youth leaders from major G20 cities to inform the discuss...
Germany's new cannabis law allows individuals over 18 to carry and grow cannabis. How much can they legally carry?
Recently which of the following e-commerce company partners with Pocket FM to enter the audiobooks segment?
NITI (National Institution for Transforming India) Aayog and the ______ are working together to facilitate a program for faster and easier financing of...
Who among the Following has been elected as Hong Kong’s Next leader?
When is "Lokpal Day" scheduled to be observed for the first time?