What Is an Important Component in Determining Psychographic Characteristics

question 38

Short Answer

What is an important component in determining psychographic characteristics?
A)benefits sought
B)use-situation factors
C)age
D)lifestyles
E)use-related factors

• A)benefits sought
• B)use-situation factors
• C)age
• D)lifestyles
• E)use-related factors

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Definitions:

Explicit Costs

Expenses directly incurred in the course of running a business, such as wages and materials.

Economic Costs

The total value of all resources used in the production of a good or service, including both explicit and implicit costs.

Normal Rate

A term often used to refer to the standard or commonly accepted rate for a financial or economic measurement, but can vary by context.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or investment.