Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-mass-production
Products
Items or services offered to the market for sale, consumption, or use, fulfilling a need or want.
Global Segmentation
The practice of dividing a worldwide market into smaller segments of consumers who share similar needs, characteristics, or behaviors.
Financial Savings
Refers to the portion of disposable income not spent on current expenditures or consumed, often set aside for emergencies, future purchases, or investments.
Local Customs
The traditional practices and norms specific to a particular community, region, or culture, often influencing consumer behavior and expectations.
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