The Best Way to Identify Groups of Similar Customers Is

question 21

True/False

The best way to identify groups of similar customers is to segment customers on the basis of demographics,lifestyles,and usage behaviors.

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Definitions:

Luxury

A state or condition of great comfort, opulence, and extravagant living.

Economy

A system of production, distribution, and consumption of goods and services within a particular geographical area.

Semi-Independent Suspensions

A type of vehicle suspension system that allows for some degree of independence between wheels on the same axle, improving ride comfort.

Lateral Acceleration

The rate of change of velocity of a body in a direction perpendicular to its direction of motion, often measured in vehicles to determine cornering capabilities.