Differentiate Between Inductive and Deductive Reasoning

question 9

Essay

Differentiate between inductive and deductive reasoning.

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Definitions:

Age Or Income

Demographic factors used in marketing and research to segment and target audiences based on their age range or income level.

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.

Attractive Opportunity

A business or investment prospect that is both appealing and likely to yield positive outcomes or profits.

Sales

The process of selling goods or services to customers in exchange for money or other valuable considerations.