Which of the Following Market Segments Is Most Likely to Be

question 16

Multiple Choice

Which of the following market segments is most likely to be considered attractive by a firm?

• A)a market segment with many substitute products
• B)a market segment with limited product differentiation
• C)a market segment with low barriers to competitor entry
• D)a market segment with high price competition
• E)a market segment with cost-effective access to customers

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Definitions:

FLSA

The Fair Labor Standards Act, a US labor law that sets out minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers in the private sector and in federal, state, and local governments.

Exempt Workers

Employees not covered by the Fair Labor Standards Act (FLSA), often not eligible for overtime pay due to their job type.

Promissory Estoppel

A legal principle preventing a party from retracting a promise which the other party has reasonably relied upon to their detriment.

Family and Medical Leave Act

A U.S. federal law that provides employees with unpaid, job-protected leave for certain family and medical reasons.