When the Size and Purchasing Power of a Target Segment

question 71

Multiple Choice

When the size and purchasing power of a target segment can be determined, it possesses the requirement of having ________.

• A)Market potential
• B)accessibility
• C)Substantial money
• D)differentiability
• E)profitability

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Definitions:

Significant Cost

A substantial financial expenditure that can impact an organization's budget, financial planning, and profitability, often requiring careful consideration and management.

Master Service Agreement (MSA)

A contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements.

Open-ended Purchase Order

A purchase order that does not specify a fixed number of units or total cost, allowing for ongoing orders of materials or services as needed.

Terms and Conditions

A set of regulations and guidelines that are agreed upon by parties engaged in a contract, outlining the rights, responsibilities, and obligations of each party.