For Behavior Segmentation,marketers Use the 80\20 Rule When Assessing the Consumers

question 86

True/False

For behavior segmentation,marketers use the 80\20 rule when assessing the consumers' usage rate,which means that 20% of the company's revenues or profits are accounted for by 80% of the firm's products or customers.

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Definitions:

Field

An area in a database designed to hold a specific piece of data, such as a name, date, or numeric value.

Wizard

A user interface that guides users through a step-by-step process to complete a task or configure a product or service.

Information

Data that has been organized or processed in a way that adds meaning and value, making it useful for decision-making processes.

Tables

Data structures that organize information in columns and rows, allowing for easy data management and analysis.