Marketers Use the North American Industry Classification System to Evaluate________

question 38

Multiple Choice

Marketers use the North American Industry Classification System to evaluate________.

• A) derived demand
• B) elastic demand
• C) business buying decision processes
• D) channels of distribution
• E) potential markets

---

Definitions:

Diffusion

The process through which innovations, cultural norms, ideas, technologies, or products spread within and across societies over time.

Invention

The creation or innovation of new ideas, processes, goods, or services that did not previously exist, contributing to technological or scientific advancement.

Income

Money earned from work, investments, business, or any other sources, representing the financial gain derived by individuals or businesses.

Technological Advance

A phase of innovation where new technologies significantly improve processes, goods, or services.