The Description of a Population According to Selected Characteristics Such

question 34

Multiple Choice

The description of a population according to selected characteristics such as age, gender, ethnicity, income, and occupation is referred to as

• A) consumer group profiling.
• B) demographics.
• C) behavioral analysis.
• D) psychographics.
• E) statistical analysis.

---

Definitions:

In-Plant Inventory

Refers to the stock of raw materials, work-in-progress, and finished goods that are kept within a manufacturing plant or facility.

Just-In-Time Partnerships

Collaborations between companies that focus on producing or delivering goods only as they are needed, to reduce inventory costs and increase efficiency.

Large Lot Sizes

Refers to the practice of producing or purchasing goods in large quantities, typically to achieve economies of scale but potentially leading to increased inventory costs.