The 80/20 Rule Is Typically Associated with ________ Segmentation

question 41

Multiple Choice

The 80/20 rule is typically associated with ________ segmentation.

• A) geographic
• B) demographic
• C) psychographic
• D) benefit
• E) behavioral

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Definitions:

Obligor

The party in a contractual agreement who is bound to provide a benefit or payment to another.

Assignment

A contracting party’s transfer of his or her rights to a contract to a third party.

Personal in Nature

Refers to anything related to or affecting a person individually, rather than businesses or entities.

Condition Precedent

A condition in a contract that must be met before a party's promise becomes enforceable.