Which of the Following Statements Illustrates Why Stereotypes Should Be

question 77

Multiple Choice

Which of the following statements illustrates why stereotypes should be avoided when using age and life- cycle segmentation?

• A)Some 70 year olds use wheelchairs;others play tennis.
• B)The majority of 20 year olds have to work;the same holds true for 30 and 40 year olds.
• C)Old women love to shop;young women love it more!
• D)Most 10- year- old boys are mischievous.
• E)both C and D

---

Definitions:

Fixed Resource

A resource or asset in production whose quantity cannot easily be increased or decreased in the short term.

Short Run

in economics, refers to a period during which at least one input, such as plant size, is fixed and cannot be changed.

Long Run

A period of time in economics where all factors of production and costs are variable, allowing for complete adjustment to changes in market conditions.

Fixed Resource

An asset or input whose quantity cannot be altered in the short run for the production of goods and services.