Occupation, Family Size and Family Life Cycle Are All __________

question 49

Multiple Choice

Occupation, family size and family life cycle are all __________ variables for segmenting consumer markets.

• A)behaviouristic
• B)demographic
• C)geographic
• D)psychographic
• E)usage

Identify and explain the major components of national income.

Recognize the role of investments, government spending, and net exports in the economy.

Understand how economic growth and inflation affect real GDP per capita.

Distinguish between GDP and Net Domestic Product (NDP) and their respective significance.

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Definitions:

Decision-Critical Attribute

A key feature or characteristic that significantly impacts the outcome of a choice or decision-making process.

Favored Candidate

A person who is preferred or has a better chance of being chosen or elected for a position or honor.

Decision-Critical Criteria

Key factors or standards that are essential in making a well-informed decision.

Pros And Cons

The advantages and disadvantages of a particular decision or course of action.