What Factor Sets the Upper Limit on Demand Generated by a Particular

question 77

Multiple Choice

What factor sets the upper limit on demand generated by a particular market segment?

• A) market potential for the segment under analysis
• B) market share held by the firm
• C) geographic dispersion of potential customers
• D) lifestyle characteristics of area population

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Definitions:

Activities of Daily Living

Routine tasks that individuals do every day without needing assistance, such as eating, bathing, dressing, and mobility.

Independent

Free from outside control; not depending on another's authority or on specific factors.

Maslow's Hierarchy

A theory in psychology that categorizes human needs into a five-tier model, from basic (such as food and shelter) to complex (such as self-fulfillment).

Mental Illness

Refers to a wide range of mental health conditions that affect mood, thinking, and behavior.