Statistical Discrimination Occurs When

question 32

Multiple Choice

Statistical discrimination occurs when:

• A)individuals are judged solely on the basis of their personal characteristics.
• B)individuals are judged on the basis of the groups to which they belong.
• C)firms have perfect information about each potential buyer.
• D)statistics are used to make employment decisions.

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Definitions:

Childhood

The period of life from birth to adolescence, characterized by growth, learning, and socialization.

Mature Consumers

Individuals, typically aged 55 and older, with distinct consumer habits and preferences shaped by their life experiences.

Homogeneous Market

A market composed of consumers or buyers with similar needs, interests, and characteristics, making it easier to target with specific products or marketing strategies.

Enthusiastic Customers

Individuals who are highly satisfied and passionate about a brand or product, often promoting it voluntarily.