Target Markets Are Sometimes Defined on Bases Such as Young

question 13

Short Answer

Target markets are sometimes defined on bases such as young singles,young married couples with children,and middle-aged married couples without children.Such target markets are most likely defined in terms of__________.

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Definitions:

Patent

A legal right granted by the government to an inventor, giving the holder exclusive rights to use, make, or sell the invention for a certain period.

Intangible Assets

Assets lacking physical substance, such as patents, trademarks, and goodwill, that are nevertheless valuable to a company.

Kitchen Gadget

A small tool or device that is used in the kitchen for food preparation and cooking tasks.

Land

An asset category representing the ground a company owns, which is not subject to depreciation unlike buildings and equipment.