Examlex
The text states that "geodemographic segmentation can be particularly useful for retailers." Use a local retailer to describe how geodemographic segmentation could be useful.
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity levels.
Self-actualization Needs
According to Maslow's hierarchy, the highest level of psychological development where an individual reaches their full potential.
Psychological Development
The growth and change in an individual's cognitive, emotional, and social capabilities and behaviors throughout their life.
Esteem Needs
A concept in Maslow's hierarchy referring to the human desire for respect, self-esteem, and recognition from others.
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