Cost Considerations Usually Favor More Aggregating and Larger Market Segments

question 195

True/False

Cost considerations usually favor more aggregating and larger market segments, but smaller segments may be required to satisfy needs more exactly.

---

Definitions:

Generation Y

Also known as Millennials, this demographic cohort follows Generation X and is characterized by birth years ranging from the early 1980s to the late 1990s.

Non-monetary Rewards

Benefits given to employees, not in the form of money, to recognize their performance or motivate them, such as praise, awards, flexible hours, and professional development opportunities.

Baby Boomers

A demographic group defined as individuals born between 1946 and 1964, currently entering or at retirement age.

Triadic Reciprocal Causation

A concept in psychology that suggests human behavior is influenced by interaction among personal factors, behavior, and the environment.