A Market Segment Is a Set of Consumers or Businesses

question 167

True/False

A market segment is a set of consumers or businesses with distinct characteristics.

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Definitions:

Part-Time

Employment or participation in an activity for less than the full amount of time conventionally designated as standard or full-time.

Frequency Distribution

A frequency distribution is an arrangement of data that shows how often each value in a data set occurs.

Frequency Distribution

A representation of data that shows how often each value or range of values occurs.

Sample

A portion of the overall population picked for conducting studies or inquiries in order to collect demographic data.