What Is the Most Likely Way for Consumers to Benefit

question 28

Multiple Choice

What is the most likely way for consumers to benefit because a firm uses a strategy of one product for multiple market segments?

• A)increased number of choices
• B)lower retail prices because of lower production costs
• C)increased satisfaction of consumer wants and needs
• D)improved service

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Definitions:

Code Switching

The practice of changing from one mode of speech to another as the situation demands, whether from one language to another or from one dialect of a language to another.

Ethnolinguistics

The study of the relationship between language and culture, and how ethnic groups perceive the world.

Bilingualism

Bilingualism is the ability to speak and understand two languages fluently, which can enhance cognitive abilities and cultural awareness.

E-Mail Communication

The electronic transmission of messages over a network, allowing individuals to send text, files, or other information from one person to another.