Which of the Following Statements Is True of a Target

question 79

Multiple Choice

Which of the following statements is true of a target market?

• A) Uncontrollable elements continually evolve and create changes in a target market.
• B) Managers can control the external environment that molds and reshapes a target market.
• C) Environmental scanning is performed by firms in order to prevent changes in a target market.
• D) Unlike uncontrollable variables,controllable variables do not affect a target market.

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Definitions:

Fixed Cost

Expenses that do not change with the level of output or production, such as rent or salaries.

Aggregating Lots

The process of combining smaller batches of goods into larger lots to optimize production and distribution efficiency.

Multiple Products

Refers to an array of different items or goods that a business manufactures or sells.

Lot Sizes

The quantity of items that are processed, produced, or purchased at one time.