The Description of Potential Customers in a Target Market Is

question 36

Multiple Choice

The description of potential customers in a target market is commonly called a

• A) customer profile.
• B) demographic detailing.
• C) Simpkins matrix.
• D) target picture.

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Definitions:

Market Cost

The current price at which goods, assets, or services can be bought or sold in the marketplace.

Perpetual Inventory System

An inventory accounting method where updates are made continuously to record sales and purchases in real time.

Ethics Investigation

A formal inquiry to determine whether standards of professional conduct have been violated.

Inventory System

A system to keep track of the items available for sale and those sold, often utilizing software for management and efficiency.