Examlex

Solved

PRIZM (Potential Rating Index by Zip Markets) Identifies Clusters of Consumers

question 108

Multiple Choice

PRIZM (Potential Rating Index by Zip Markets) identifies clusters of consumers based on a variety of characteristics such as education and affluence. Which of the following clusters would match to a consumer group that is characterized as being couples or single-headed households, most of them with kids, who have decided to stay in urban centres rather than flee to the suburbs?


Definitions:

Building Capacity

The process of developing an organization's skills, resources, and abilities to perform effectively and to ensure its sustainability and growth over time.

Mission Statement

A concise explanation of an organization's purpose, outlining its aims, values, and direction.

Strategic Management

The field of management that involves setting objectives, analyzing the competitive environment, assessing internal organization, evaluating strategies, and ensuring that management rolls out the strategies across the organization.

Strategies

Plans of action designed to achieve a long-term or overall aim.

Related Questions