Industrial Classification Systems Allow Marketers to Divide Business Customers into Groups

question 84

True/False

Industrial classification systems allow marketers to divide business customers into groups based mainly on the types of goods and services provided.

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Definitions:

Environmental Circumstances

The physical, social, and cultural conditions that surround and influence an individual or community.

Relevance

The quality of being closely connected or appropriate to what is being done or considered.

Canadian Psychological Association (CPA)

The national association for the science, practice, and education of psychology in Canada, dedicated to improving the health and welfare of all Canadians.

Established

To have been in existence for a long time and therefore recognized and accepted.