Almost Every Industry Includes Firms That Specialize in Serving Target

question 64

Multiple Choice

Almost every industry includes firms that specialize in serving target sub-segments called ________.

• A) market niches
• B) benchmarkers
• C) customer databases
• D) hotbox markets
• E) local markets

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Definitions:

American Psychological Association

A prominent organization in the United States that represents the field of psychology, committed to enhancing the development, dissemination, and utilization of psychological insights for the betterment of society.

Debriefing

A process wherein experimental participants are given a full explanation of the experiment upon its completion, including its purpose and any deceptions, to resolve any ethical concerns.

Excessive Payment

Paying out more than what is deemed necessary or required, often implying a waste or misuse of resources.

Local Laws

Rules and regulations that are enacted by local government bodies and applicable within a specific geographic area or community.