Which of the Following Products Is Most Likely to Have

question 149

Multiple Choice

Which of the following products is most likely to have its market segment based on age?

• A) Nike shoes
• B) Lipton Iced Tea
• C) Bic pens
• D) Legos
• E) Carpet

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Definitions:

Majority Vote

A decision rule that selects alternatives which have a majority, that is, more than half the votes.

Ranked Preferences

A method of ordering alternatives based on their level of desirability or utility to an individual or group.

Public Good

A public good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.