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Describe at least three market segmentation strategies that may be adopted by a business owner.
Nonlabor Income
Income received from sources other than employment, such as investments, pensions, or gifts.
Wage Rate
The amount of money that an employee is paid per unit of time, such as an hour, often analyzed in labor economics.
Labor Income
Earnings derived from employment, including wages, salaries, bonuses, and other compensation for work performed.
Lump Sum Payment
A single payment made at a particular time, as opposed to a series of payments made over time.
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