Which of the Following Observations About Geodemographic Segmentation Is True

question 82

Multiple Choice

Which of the following observations about geodemographic segmentation is true?

• A)It identifies specific individuals or households within a market.
• B)It creates classifications of actual,addressable,mappable neighborhoods where consumers live and shop.
• C)It is primarily based on the assumption that consumers in a particular neighborhood vary in many respects and lack similar consumption patterns.
• D)It identifies consumer needs and wants in new markets and for new products as existing markets are saturated.

---

Definitions:

Short Run

A time period during which at least one input, like plant size or capital, is fixed and cannot be changed, focusing on immediate operational decisions.

Scale of Production

The size or magnitude of manufacturing operations, which can influence costs, efficiency, and profitability.

Average Costs

The total cost of production divided by the quantity of output produced, indicating the cost of producing each unit.

Exhibits

Displays or presentations, often in museums or galleries, that showcase artifacts or works of art for public viewing.