Segmentation by Customer Type Occurs When Business Marketers Segment Their

question 43

True/False

Segmentation by customer type occurs when business marketers segment their markets by income, occupation, and educational variables.

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Definitions:

Buyers

Individuals or entities that acquire goods or services in exchange for money.

Social Security Tax

A tax collected by the government to fund the Social Security program, typically levied on both employers and employees to provide retirement, disability, and survivorship benefits.

Federal Income Tax

An annual financial burden put on individuals, corporations, trusts, and various legal bodies by the United States federal government.

Labor Taxes

Taxes imposed on the wages and salaries of employees.