Which of the Following Variables Do Companies Use to Identify

question 19

Multiple Choice

Which of the following variables do companies use to identify potential target markets? 

• A) demographics 
• B) lifestyles 
• C) product usage patterns 
• D) geographic considerations 
• E) All of these are correct.

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Definitions:

Market Share

The portion of a market controlled by a particular company or product.

Expanding Store

An expanding store refers to a retail business that is increasing its physical size or number of locations to accommodate more customers or provide a wider range of products and services.

Optimize Growth

Refers to strategies or approaches aimed at maximizing the rate of growth of an economy, organization, or specific area of development.

Annual Profit

The total earnings or surplus of an organization, company, or individual after all expenses and costs are deducted from total revenues over one year.