Give an Example of a Psychographic Segmentation Variable

question 33

Essay

Give an example of a psychographic segmentation variable.

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Definitions:

Marginal Product

The extra production resulting from the increase of a particular input by one unit, assuming all other factors remain constant.

Output

The total amount of goods or services produced by a company, industry, or country within a specific period.

Isoquant

A graph that shows all the combinations of capital and labor that can be used to produce a given amount of output.

Complementary Inputs

Inputs or resources that are used together in the production process, where an increase in the usage of one increases the effectiveness or productivity of the other.