________ Segmentation Recognizes That There May Be a Number of Consistent

question 11

Multiple Choice

________ segmentation recognizes that there may be a number of consistent needs and wants demonstrated by consumers based on what type of job they have.

• A) Occupational
• B) Social
• C) Age
• D) Gender
• E) Educational

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Definitions:

Unlimited Wants

The economic concept that humans have a never-ending series of desires that cannot be fully satisfied.

Resources

The assets, materials, and inputs used by individuals or societies to produce goods and services.

Skilled Labor

Workers who have specialized skills, training, or education that allow them to perform complex job tasks effectively.

Severe Recession

A period of significant economic decline that is longer and more destructive than a standard recession, often characterized by high unemployment, falling prices, and low levels of production and investment.