Which of the Following Characteristics of a Well-Chosen Target Market

question 73

Multiple Choice

Which of the following characteristics of a well-chosen target market states that the people of the target market must be willing and able to spend more than the cost of producing and marketing a product?

• A) Limited competition
• B) Accessibility
• C) Size
• D) Profitability

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Definitions:

Affirming Consequent

A logical fallacy where one incorrectly infers the cause from an effect, specifically asserting that since the consequent is true, the antecedent must also be true.

Hypothetical Syllogism

A logical argument that has two premises followed by a conclusion, each of which is a conditional statement.

Categorical

Pertaining to categorization or the division of something into distinct categories.

Quantity Words

Words that express amounts of items or describe the extent of something, such as "many," "few," "several," etc.