Which of the Following Describes the Process of Dividing a Market

question 22

Multiple Choice

Which of the following describes the process of dividing a market into distinct groups that have common needs and characteristics?

• A)Behavioral segmentation.
• B)Market segmentation.
• C)Lifestream aggregation.
• D)Social media addiction.
• E)Handle squatting.

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Definitions:

GDP Deflator

The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.

Basket of Goods

A basket of goods is a fixed set of consumer products and services valued on a regular basis for calculating inflation or cost of living adjustments.

Teddy Bears

Soft, stuffed toys resembling bears, often used for comfort and play by children.

Consumer Price Index

An evaluative measure that calculates the weighted mean cost of a range of consumer services and goods, from food to medical care and transportation.