If a Country Follows the Rank-Size Rule, If the Largest

question 106

Multiple Choice

If a country follows the rank-size rule, if the largest city has 1,000,000 inhabitants, how many people live in the fifth largest city?

• A) 50,000
• B) 100,000
• C) 200,000
• D) 500,000
• E) 5,000,000

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Definitions:

Market Segment

A group of potential customers with similar needs, characteristics, or behaviors who might require separate products or marketing mixes.

Strategic Marketing Process

A systematic approach to identifying and evaluating market opportunities, developing marketing strategies, and implementing and monitoring marketing plans.

Planning Phase

The initial stage in a process or project where goals are defined, strategies are developed, and resources are allocated.

Situation (SWOT) Analysis

A strategic planning tool used to identify and understand Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.