ENTREPRENEURSHIP

Detailed explanation-1: -Customer segments refer to the target people and/or organizations you are offering value proposition. Q. Value is provided through various elements such as newness, performance, customization, reliability in ‘getting the job done’, design, brand, price, cost reduction, risk reduction, accessibility, and convenience.

Detailed explanation-2: -Your Value Proposition is the reason why customers turn to your company over another. It solves your customer’s problem or satisfies your customer’s need. Each Value Proposition consists of a selected bundle of products and/or services that caters to the requirements of a specific Customer Segment.

Detailed explanation-3: -By matching your customer segment to your value proposition, you can achieve a more lucrative revenue stream. Hence, it is fundamental for an organization to understand the trade-off between different customer segments and carefully select which segment it wants to target.

Detailed explanation-4: -You can provide different value propositions to different customer groups. Customer segments are usually determined on similarities, such as personal characteristics, preferences or behaviours that should correlate with the same behaviours that drive customer profitability.

Detailed explanation-5: -What is the meaning of VALUE PROPOSITION in BMC? value that meet the customer satisfaction. servis after sales. the way we interact with the customer. generate revenue from each customer.