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In What Ways Can an Industrial Classification System Be Used

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Essay

In what ways can an industrial classification system be used by business marketers to analyze target markets?


Definitions:

Scholarships

Financial awards given to students based on various criteria, such as academic achievement, to support their education.

Belief

An acceptance that something exists or is true, especially without proof, or the mental attitude that something is considered to be true or probable.

Attitude

A mental inclination demonstrated through the assessment of a specific entity with a certain level of preference or aversion.

Prejudice

An unreasonable and unfair negative attitude towards an individual or group based on stereotypes rather than actual experience.

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