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Please Define the Following Key Terms

question 78

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-mass-production


Definitions:

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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