Explain Geographic Segmentation

question 6

Essay

Explain geographic segmentation.

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Definitions:

Highest Bidder

Refers to the participant in an auction who offers the largest amount of money for an item or service.

High-value Bidders

Participants in an auction who are willing and able to place significantly large bids on items or assets, reflecting their high valuation.

Low-value Bidders

describes participants in auctions or competitive bidding processes who offer relatively low prices for goods or services, possibly affecting market dynamics and pricing standards.

Receives $100

This phrase typically refers to an individual or entity obtaining a sum of $100, often in a transaction, payment, or monetary gift.