_____ Is the Segmenting of Markets Based on the Region

question 6

Multiple Choice

_____ is the segmenting of markets based on the region of the country or the world,market size,market density (number of people within a certain unit of land) ,or climate.

• A) Community segmentation
• B) Geographic segmentation
• C) Geodemographic segmentation
• D) PRIZM segmentation
• E) Demonstratable regionalization

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Definitions:

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, leading to competition based on price, quality, and marketing.

Average Cost Curves

Graphs that show how the average cost per unit of production varies with the level of output.

Internet Market Structure

The organization and characteristics of online markets, including the nature of competition, pricing strategies, and the role of technology.

Competitive

A market structure characterized by a large number of small firms, freedom of entry and exit, and product homogeneity.