An Improvement in Technology Will Lead to a Change in Demand

question 156

True/False

An improvement in technology will lead to a change in demand.

Identify different bases for segmenting consumer markets, including demographic, geographic, psychographic, and behavioral factors.

Recognize the usage of demographic segmentation and its effectiveness in targeting specific consumer groups.

Comprehend geographic segmentation and its application in adjusting product offerings based on location.

Grasp psychographic segmentation and how lifestyle, personality, and values influence consumer behavior.

---

Definitions:

Common Law

A body of unwritten laws based on legal precedents established by the courts, as opposed to statutory laws enacted by legislative bodies.

U.S. Constitution

The supreme law of the United States, establishing the framework of national government and the rights and freedoms of individuals.

Sexual Harassment

Unsolicited sexual propositions, solicitations for sexual benefits, and any form of sexual natured verbal or physical harassment.

Paid Vacation

Employer-provided benefit that offers employees paid time off from work, which can be used for personal time, holidays, or travel.