Caroline Is Analyzing Census Data, Looking for Demographic Segments That

question 75

Essay

Caroline is analyzing census data, looking for demographic segments that she can target for her new insurance products. What would be an advantage of using census data?

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Definitions:

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Incorporated

A legal process whereby a business entity is formed as a distinct legal entity, separate from its owners, with its own rights and liabilities.

Principal

The main party to a transaction or contract who has a primary interest and authority in the context considered.

Agency Responsibilities

Duties and powers entrusted to an agent or agency acting on behalf of another person or entity, known as the principal.