What Is the Type of Market Segmentation Based on Lifestyles

question 41

Essay

What is the type of market segmentation based on lifestyles called? Provide an example of a retailer who would segment the market based on lifestyles.

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Definitions:

Uncollectible Accounts

Receivables that are deemed uncollectible and are written off as a loss due to the inability to collect the funds.

Allowance Account

An account used to offset the gross accounts receivable by the amount estimated to be uncollectible.

Accounts Receivable

Unsettled payments from customers to a business for goods delivered or services carried out.

Note Receivable

A financial asset representing a promise for future receipt of cash, typically arising from sales or loans, evidenced by a written promise to pay.