All of the Following Are Criteria Used for Forming Market

question 196

Multiple Choice

All of the following are criteria used for forming market segments except which?

• A)difference of needs of buyers among segments
• B)potential for increased profit
• C)cost of reaching the segment
• D)potential of a marketing action to reach a segment
• E)simplicity and cost-effectiveness of assigning potential buyers to segments

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Definitions:

Equilibrium Price

is the market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Technology

The application of scientific knowledge for practical purposes, especially in industry, which drives innovation, efficiency, and productivity improvements.

Supply

Supply is the total amount of a good or service available for purchase at any given price level in a given market.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.