Geographic Segmentation Refers to the Segmentation of Consumers Based On

question 74

Multiple Choice

Geographic segmentation refers to the segmentation of consumers based on:

• A)the worth that they get from products or services.
• B)where they live.
• C)their product preferences.
• D)their level of intelligence.
• E)easily measured, objective characteristics such as age and education.

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Definitions:

Large-Scale Unemployment

A situation where a significant portion of the workforce is without jobs, often due to economic downturns or structural economic changes.

Deep Recession

A particularly severe and prolonged period of economic decline, characterized by significant falls in income and employment.

Aggregate Demand

Aggregate demand represents the total demand for goods and services within an economy at a given overall price level and in a given time period.

Aggregate Demand Curve

A curve that shows the relationship between the overall price level in the economy and the total demand for goods and services.