Which of the Following Statements Is NOT True Regarding Socioeconomic

question 48

Multiple Choice

Which of the following statements is NOT true regarding socioeconomic market segmentation?

• A) It is easy in foreign markets where income and life-cycle stage are not measured.
• B) It is the most common type of market segmentation.
• C) It is defined by variables that include age, gender, income, occupation, and education.
• D) It is most often compiled through data taken from Statistics Canada.

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Definitions:

Variable Costs

Costs that vary directly with the level of output or production, such as materials and labor costs.

Industry Short-run

A period in which at least one of a firm's inputs is fixed, limiting the firm's ability to adjust fully to market changes.

Marginal Cost

The financial addition incurred by manufacturing one more unit of a product or service.

Fixed Cost

represents expenses that do not change in total regardless of the level of output or activity, such as rent or salaries.