A Statement That Identifies a Well-Defined Target Market; Specific Customers

question 65

Multiple Choice

A statement that identifies a well-defined target market; specific customers' needs, wants, and preferences; and what the product will be and do to satisfy consumers is referred to as a new product's or service's

• A)protocol.
• B)proposition.
• C)modus operandi.
• D)formula.
• E)methodology.

---

Definitions:

Sociologists

Social scientists who study human societies, their structures, processes, and changes, focusing on patterns of social interaction and behavior.

Fertility

Fertility refers to the natural capability to produce offspring, often measured by the number of births per population segment over a given time period.

Standard Of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographical area.

Karl Marx

A 19th-century philosopher, economist, and revolutionary who is most famous for his theories about capitalism and communism.