Examlex
Which of the following is a true statement?
Similarity
The state of being alike or sharing common features.
Needs And Wants
Fundamental psychological or physical requirements (needs) versus desires or aspirations (wants) that motivate consumer behavior.
Competition Intensity
The extent of rivalry among firms within a market, often influencing pricing, product development, and marketing strategies.
Segment
A distinct group of consumers within a broader market, identified by shared characteristics or needs, targeted by businesses.
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