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Are small segments within a market that can offer profit potential to entrepreneurs who know how to serve them?

Yes, small segments within a market, often referred to as niche markets, can present significant profit potential for entrepreneurs. By focusing on specific customer needs and preferences that are underserved by larger competitors, businesses can create tailored products or services that resonate deeply with these target audiences. This specialized approach often leads to higher customer loyalty and reduced competition, enhancing profitability. Understanding the unique attributes of these segments is key to successfully serving them.


Use the 6W model to perform customer analysis?

The 6W model of customer analysis advises you know who your current and potential customers are, and what those customers do with your product. It also explains that you should know where, when, and why they purchase it. And for those people who don't purchase your product, you should find out why.


When should the Know Your Customer (KYC) process be performed?

The Know Your Customer (KYC) process should be performed when a business establishes a new relationship with a customer, and periodically thereafter to ensure compliance with regulations and to manage risks effectively.


How should you know your customer id in hdfc bank?

You can know your Custer motor ID by looking at your monthly statement. The customer ID is always at the upper left-hand corner of the customer statement.


Should I let my customers know my other customers' name?

You should not talk about a customer to another customer at all...No! even though it is very unprofessional no names should be mentioned


If a customer is taking awhile to get their point across but you know the answer to their question you should jump in and offer the answer?

You probably should.


Filipinos in general are fit to become entrepreneurs?

i dont know the answer


What is the difference between customer service and sales?

the difference between customer service and sales is: in customer service you should be listening to your customer and be able to relate to anything they say or do, you should be able to help and understand the customer and know their needs. In sales your job is to be able to pitch anything to anyone whether they like or need it.


How should you know your customer id in axis bank?

check first page of your cheque book


How should know login id in axis bank?

your customer ID is your iconnect login id


How to write Sample letter to new customer?

When writing the letter, you want to thank the customer for their business. You should also let them know how you can be contacted if they ever have a problem.


What is the difference between sales and service?

the difference between customer service and sales is: in customer service you should be listening to your customer and be able to relate to anything they say or do, you should be able to help and understand the customer and know their needs. In sales your job is to be able to pitch anything to anyone whether they like or need it.