Examlex
When James correctly solves Piaget's conservation task and explains, "The liquid is higher, but the glass is thinner," he is demonstrating an understanding of reversibility.
Segmentation Variable(s)
Criteria or characteristics used to divide a market into distinct groups of buyers based on needs, behaviors, or demographics.
Outback Steakhouse
An Australian-themed American casual dining restaurant chain, serving American cuisine, based in Tampa, Florida with locations internationally.
Product Differentiation
The method of making a product or service stand out in the market to appeal more to a specific target audience.
Market Segmentation
The process of dividing a broader market into smaller, distinct subgroups of consumers with similar needs, characteristics, or behaviors.
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