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Benefits: The complete position of segmentation is to tailor products and services that accommodate the diversified requirements of every segment. Hence, distinctive segments have to be presented different benefits
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STP is really a sequential method, where a organization initial splits your complete sector into numerous teams based upon sure standards, then proceeds to select one or more of those groups based upon the profitability and various criteria And eventually produces a suitable Room with the product or service during the minds in the buyers. Supplied down below are the definitions of STP based on the Sector Segmentation Examine Manual.
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