Final answer:
The statement is True, segmenting by customer type allows for the marketing mix to be tailored to the specific needs of different organizations or industries, which is key for product differentiation and effective competition. The correct option is A.
Step-by-step explanation:
Segmenting by customer type does indeed allow business marketers to tailor their marketing mixes to the common needs of particular types of organizations or industries. This is a strategic approach for creating differentiated products that cater to the specific preferences, requirements, and buying behaviors of distinct customer groups.
By understanding that the variety of styles, flavors, locations, and characteristics contributes to product differentiation and monopolistic competition, businesses can more effectively compete in their markets.
Additionally, this segmentation aligns with the strategy of focusing on a business's core competency to achieve success rather than attempting to offer a wide range of products.
Hence, Option A is correct.