Final answer:
The market-converge strategy in which a firm targets several market segments and designs separate offers for each is known as market segmentation.
Step-by-step explanation:
The market-converge strategy in which a firm targets several market segments and designs separate offers for each is known as market segmentation. Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs, characteristics, or behaviors. By tailoring their offers to specific market segments, firms can meet the individual needs and preferences of different customer groups and increase their chances of success in each segment.