Segmentation Based on Where Prospective Customers Live or Work Is

question 152

Multiple Choice

Segmentation based on where prospective customers live or work is referred to as

• A)zip code segmentation.
• B)geographic segmentation.
• C)regional segmentation.
• D)MSA segmentation.
• E)NAICS code segmentation.

Understand the legal framework surrounding the employment relationship, including the distinction between employees, independent contractors, and agents.

Identify the principle rights and obligations of employers and employees within an employment relationship.

Describe the procedures and effects of mediation, strikes, lockouts, and union certifications within labor relations.

Recognize the legal recourse available in cases of sexual harassment and wrongful dismissal within the workplace.

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Definitions:

Elastic

Describes demand that is highly responsive to changes in price, where a small price change leads to a large change in quantity demanded.

Inelastic

Describes a scenario where the demand or supply of a good or service is not significantly changed when the price of that good or service changes.

Elasticity of Demand

The measure of how much the quantity demanded of a good responds to a change in the price of that good.

Quantities Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.