When Differences in Customer Needs Are Small or Demographics Are

question 30

Multiple Choice

When differences in customer needs are small or demographics are not distinctive,a business may elect to use a ________ strategy.

• A)small-segment
• B)vertical integration
• C)horizontal integration
• D)mass-market
• E)niche-segment

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Definitions:

Extreme Weather

Severe or unusual weather conditions, including hurricanes, droughts, and blizzards, often attributed to climate change.

Federal Student Loans

Government-backed loans provided to students for higher education, typically featuring lower interest rates and more flexible repayment terms than private loans.

Tuition Costs

The fees charged by educational institutions for instruction and other services related to the process of learning.

Productive Efficiency

A situation where a system or economy can no longer produce additional amounts of a good without lowering the production level of another product.