Examlex

Solved

Provide an Example of How a Demographic Variable Has Been

question 59

Essay

Provide an example of how a demographic variable has been used to position a product to a target market.


Definitions:

Resources Efficiency

The strategic use of materials and energy to maximize productivity while minimizing waste and environmental impact.

Minimum Cost

The lowest possible expenditure required to achieve a specific outcome or maintain a certain standard of quality or efficiency.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Scarce Resources

Natural or human resources that are limited in supply, compelling choices regarding their use.

Related Questions