The Business Market Can Be Segmented on Several Bases

question 35

Multiple Choice

The business market can be segmented on several bases. Macro bases of segmentation center on:

• A)characteristics of the buying situation.
• B)characteristics of the buying organization.
• C)the nature of the product application.
• D)all of the above
• E)both (a)and (c)

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Definitions:

Severing

The act of legally separating or dividing property rights, often in the context of joint tenancies turning them into tenancies in common.

Adverse Possession

The process by which one can legally claim ownership of property by occupying it for a certain period, under certain conditions, without the permission of the owner.

Life Tenant

An individual who has the right to use or occupy property during their lifetime, but cannot sell or transfer the property.

Fee Simple

The most extensive interest in real estate available, granting the owner full possession and control, subject only to governmental restrictions.