Which of the Following Statements Is True of Lifestyle Segmentation

question 51

Multiple Choice

Which of the following statements is true of lifestyle segmentation?

• A) It divides people into groups based on their traits,attitudes,and habits.
• B) It divides a market by the amount of product bought or consumed.
• C) It divides people into market segments according to the benefits they seek from a product.
• D) It divides people into groups based on socioeconomic characteristics such as income and education.

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Definitions:

Accounts Payable

Short-term liabilities or debts a company owes to its creditors for goods and services purchased on credit.

Inventory

The total stock of goods or materials a company holds for the purpose of resale or production.

CCA Depreciation

Capital Cost Allowance, a system in Canada that determines how a business can claim depreciation on tangible capital assets for tax purposes.

FIFO

"First In, First Out," an accounting method for valuing inventory where the oldest items are sold first.