Which Method of Segmenting Markets Is Based on the Idea

question 159

Multiple Choice

Which method of segmenting markets is based on the idea that people experience significant external events during their late adolescence and early adulthood that impact their social values, attitudes, and preferences?

• A) demographic
• B) psychographic
• C) generations
• D) geodemographics

---

Definitions:

Identical Cost Curves

Identical cost curves refer to situations in economic analysis where businesses or production processes have the same cost structures, making their cost behaviors parallel at all levels of output.

Farm Produce

Agricultural products that are grown and harvested for consumption and sale, including fruits, vegetables, grains, and livestock products.

Long-run Equilibrium

It describes a state in which all factors of production and market forces are balanced, and no external pressures exist for change within an economic model.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, where no single entity can influence the market price of a homogeneous product.