In a Market System, the Distribution of Goods and Services

question 155

Multiple Choice

In a market system, the distribution of goods and services among consumers is largely determined by

• A)the willingness and ability of consumers to pay the prices.
• B)whoever needs the goods and services the most.
• C)whoever has the closest connection to firms and the government.
• D)a random factor that is almost impossible to predict.

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Definitions:

Business-to-business Segmentation

The process of dividing a business market into distinct groups based on various factors like industry, size, or needs for targeted marketing strategies.

Geographic

Relating to the physical and spatial characteristics of an area or environment when segmenting markets.

Behavioral

Pertaining to the actions or reactions of persons or objects under certain conditions, often studied in psychology and behavioral sciences.

Psychographic

Relating to the study and classification of people according to their attitudes, aspirations, and other psychological criteria, often used in market research.