Which of the Following Is NOT an Example of a Demographic

question 105

Multiple Choice

Which of the following is NOT an example of a demographic segmentation variable?

• A) lifestyle
• B) income
• C) ethnic group
• D) gender
• E) age

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Definitions:

Rivals' Price

The cost set by competing businesses for similar products or services in the market.

Marginal Cost

The additional cost associated with producing one more unit of output.

Profit Maximizing

The process or strategy of adjusting production levels, pricing, and other operational parameters to achieve the highest possible profit.

Kinked Demand Curve

A concept in economics describing a situation where a firm's demand curve has a distinct kink due to competitors only matching price increases but not price decreases, leading to price rigidity.