The Most Common Method of Segmenting Business Markets by Industry

question 45

Multiple Choice

The most common method of segmenting business markets by industry is to use:

• A)the NAICS code system.
• B)geographic location.
• C)business characteristics.
• D)customer value measures.

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Definitions:

Production Level

The quantity of goods or services produced during a specified time period.

Manufacturing Overhead

All indirect costs associated with the production process, like utilities, maintenance, and factory management salaries, excluding direct materials and labor.

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for a particular period or item.

Applied Production

The practical application of manufacturing processes to produce goods or materials.