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In marketing, each __________ consists of people who are relatively similar to each other in terms of their consumption behavior.

User NSNolan
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Answer: Market Segments

Explanation: Market segment is a classification of consumers into groups of similar like and dislikes in an heterogeneous market. It can also be said to be the process of separating a market into sub-groups, in which its members share common characteristics

The consumers can be families, individuals, organisations or businesses. Marketers makes use of these segments when deciding on a target market.

One most important point is that each segment share a common reaction to a particular product and their interests can be characterised under lifestyle, gender, age, interest etc.

User Phsym
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