A Target Market Is Best Characterized by Which of the Following

question 150

Multiple Choice

A target market is best characterized by which of the following statements?

• A)Target markets will remain stable over time, considering economic climates.
• B)Target markets change over time as consumers drop in or out of the market, and as tastes change.
• C)Target markets are not strongly affected by changes in the external environment.
• D)Target markets cannot be specifically defined according to age, income, or location because these factors are continually changing.

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Definitions:

Bankruptcy Law

The area of law dealing with the process and rules that govern the financial failure of individuals or organizations, including the resolution of debts and assetsdivision.

Immediate Protection

Measures taken to safeguard people, property, or information from threats or harm without delay.

Creditors

Parties or institutions to whom money is owed.

External Forces

Factors outside the control of an organization that can impact its performance, including economic trends, regulation, or technological changes.