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Chapter 7: Target Markets: Segmentation and Evaluation
Chapter 7: Target Markets: Segmentation and Evaluation

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... 1. The product is the most important decision a business must make. Once this has been decided, the firm must continue to make decisions about the product. They could introduce different ______________ of the same product – this is called ____________ ______________________. The different versions a ...
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Bayesian inference in marketing



Bayesian inference in marketing is the application of Bayes’ theorem to marketing. Here, Bayesian inference allows for decision making and market research evaluation under uncertainty and with limited data.
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