Which of the Following Statements Is True of Lifestyle Segmentation

question 51

Multiple Choice

Which of the following statements is true of lifestyle segmentation?

• A) It divides people into groups based on their traits,attitudes,and habits.
• B) It divides a market by the amount of product bought or consumed.
• C) It divides people into market segments according to the benefits they seek from a product.
• D) It divides people into groups based on socioeconomic characteristics such as income and education.

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Definitions:

Credo

A statement of the beliefs or aims that guide someone's actions.

Final Responsibility

The ultimate accountability for an action or decision, typically held by a leader or highest authority in an organization.

Conducting Business

The act of engaging in activities that produce goods or services to satisfy consumer demand and generate profit.

Transparency

The practice of being open, honest, and straightforward about various activities, making information accessible and understandable to stakeholders.