For Behavior Segmentation,marketers Use the 80\20 Rule When Assessing the Consumers

question 86

True/False

For behavior segmentation,marketers use the 80\20 rule when assessing the consumers' usage rate,which means that 20% of the company's revenues or profits are accounted for by 80% of the firm's products or customers.

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Definitions:

Stratification System

The structured ranking of individuals and groups in any society based on wealth, power, and status.

Immigration

The action of coming to live permanently in a foreign country.

Economic Control

The regulation and manipulation of the economic activities and institutions by entities such as governments or large corporations, often to maintain power or achieve specific economic objectives.

Political Control

The mechanisms, processes, and strategies through which a government or political entity maintains its influence and authority over its jurisdiction.