The Most Common Method of Segmenting Business Markets by Industry

question 45

Multiple Choice

The most common method of segmenting business markets by industry is to use:

• A)the NAICS code system.
• B)geographic location.
• C)business characteristics.
• D)customer value measures.

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Definitions:

Contingency Management

A behavioral strategy that modifies behavior by altering the consequences of that behavior, often through rewards or sanctions.

Sanctions

Penalties or punishments imposed to enforce compliance with rules, laws, or expectations.

Situations

Sets of circumstances or contexts in which events occur or in which individuals find themselves.

Severe Disabilities

Conditions that significantly impair physical, intellectual, or developmental functioning, affecting individuals' daily lives and requiring substantial support.