Which of the Following Products Is Least Likely to Be

question 139

Multiple Choice

Which of the following products is least likely to be segmented according to stages in the family life cycle?

• A)Single-family homes
• B)Cars and SUVs
• C)European vacations
• D)Soft drinks
• E)General Electric appliances

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Definitions:

Sports Bar

A bar or tavern that provides a venue for people to watch sporting events, often equipped with multiple large-screen televisions.

Normal Return

The minimum profit needed by investors to justify the capital invested in a business venture, often equated to the opportunity cost.

Total Revenue

Total Revenue is the total amount of money received by a firm from sales of goods or services before any expenses are deducted.

Economic Profit

The contrast between cumulative revenue and cumulative costs, taking into account both clear and veiled expenses.