A ________ Is a Group of Consumers with Similar Needs

question 43

Multiple Choice

A ________ is a group of consumers with similar needs and a group of retailers that satisfy those needs using a similar retail channels and format.

• A) retail market segment
• B) virtual market segment
• C) wholesale market segment
• D) target market segment
• E) global market segment

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Definitions:

Tax Deductions

Expenses that can be subtracted from gross income to reduce the amount of income that is subject to income tax.

Double Taxation

A taxation principle where income taxes are paid twice on the same source of earned income, property, or financial asset.

Saving Rate

The proportion of disposable income that is saved rather than spent by households.

Tax Base

The total amount of assets or income that can be taxed by a governing authority, forming the essential revenue source.