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Q: How does SAP divide the market generally for small and midsize businesses?
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Why to divide the market into segments?

Why to divide the market into segments?


Why do marketers divide the whole market into sub groups?

Why to divide the market into segments?


What role do businesses that go to the market play in the circular flow model?

Businesses go to the market to sell their product.


What is purchased by businesses in a resource market?

Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:


Suppliers in a product market are?

Businesses


What are suppliers in a product market?

Businesses


The purpose of Market Segmentation?

Market segmentation is a strategic approach used by businesses to divide a heterogeneous market into smaller, more manageable segments based on common characteristics. By identifying distinct segments within their target market, businesses can develop tailored marketing strategies and offerings to better meet the needs and preferences of each segment. This allows companies to maximize their marketing effectiveness, improve customer satisfaction, and gain a competitive advantage in the marketplace.


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what role do businesses that go to the market play in the circular flow model


What does it mean to divide the total market into homogeneous groups?

Why marketers divide whole market into different sub-group?


Do most businesses make a large profit under the free market system?

Yes, most businesses do make a large profit on the free market. The free market is not susceptible to the laws of trade


How do businesses and individuals participate in both the product market and the factor markets in the economy?

Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.


Is a labor market an example of a market?

Yes, it's a kind of market. A market that sells nothing, but makes businesses go ahead