Tilly's Inc

question 68

Multiple Choice

Tilly's Inc.is a chain of cafes.The company focuses primarily on customers who are aged between 18 and 35 and earning about $15,000 to $30,000 annually.This segmentation of customers by Tilly's is known as its:

• A) retail market.
• B) target market.
• C) virtual market.
• D) global market.
• E) labor market.

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Definitions:

Responsibility Center

A unit within an organization, such as a department or division, accountable for controlling costs, generating revenues, or managing assets.

Profit Center

A separate business unit or department within a company that is responsible for generating its own revenue and profit.

Cost Center

A department within a company that does not directly add to profit but still incurs costs, such as the customer service department.

Managerial Responsibility

The accountability of managers to make decisions and oversee a company's operations to meet its goals.