According to the Text, Which of the Following Is a Criterion

question 111

Multiple Choice

According to the text, which of the following is a criterion for selecting a target market?

• A)competitive position or amount of competition in the segment
• B)difference of needs of sellers between segments
• C)feasibility of a marketing action to reach a segment
• D)similarity of needs of potential buyers within a segment

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to normal goods.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and economic forces are balanced, leading to no net inclination to change.

Constant-Cost Industry

An industry in which the costs of production (including input prices) remain constant regardless of changes in the industry's output level.

Long-Run Equilibrium

A situation in which, after all adjustments have been made, all firms in a perfectly competitive market earn zero economic profit and no firm has an incentive to change its output.