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Data in the European Market Was Gathered on the Penetration

question 66

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Data in the European market was gathered on the penetration of microwave ovens.The data collected consisted of three potential segmentation variables (income, participation of women in the labor force, and per-capita consumption of frozen foods) .Which of the following methods would probably be used to obtain a picture of the segments for microwave usage?

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Definitions:

Severe Inflation

An extreme rate of inflation, characterized by a rapid and uncontrollable increase in prices, significantly eroding purchasing power.

Savings and Loan Associations

Banks and similar entities that focus on taking in savings from depositors and providing home loans along with other types of financing.

Mortgage Loans

Loans secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty.

Installment Loans

Loans that are repaid over time with a set number of scheduled payments, commonly used for items like cars and large appliances.

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