Match the Term with Its Definition

question 88

Multiple Choice

Match the term with its definition.
-Specific characteristics that describe customers, their purchasing power, their consumption patterns, and other factors

• A)actual product/service
• B)augmented product/service
• C)core product/service
• D)customer profile
• E)demographic variables
• F)marketing
• G)primary data
• H)sales forecast
• I)secondary data
• J)segmentation variables

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Definitions:

Lowered Protectionism

A reduction in trade barriers and restrictions by a government to allow for more free exchange of goods and services between nations.

Systematic Development

A structured method for the development of something (e.g., software, organizational policies) ensuring regularity, predictability, and efficiency.

Practical Application

The use of theoretical knowledge in real-world scenarios to solve problems or accomplish tasks.

New Idea

A novel concept, thought, or innovation that has not been proposed or thought of before.