It Is Often Useful to Look at Demographic Variables, Such

question 10

Multiple Choice

It is often useful to look at demographic variables, such as age, income, and education, by ZIP codes. Combining demographic data with geographic information such as zip codes is an example of using a _____ technique.

• A) graphical
• B) multi-trait
• C) resource allocation
• D) behavioral
• E) geodemographic

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a competitive market.

Profit

The profit earned when the total income surpasses all the expenditures, costs, and taxes necessary for maintaining the business.

Profit-Maximizing

A strategy or approach taken by firms to achieve the highest possible profit from their operations.

Market Price

The existing rate at which an item or service is offered for buying or selling on the market.