Examlex
PRIZM and Tapestry divide and sort small geographic areas into categories using 60 or more demographic and lifestyle characteristics.These market research tools are examples of __________ segmentation.
Specialization
The process of concentrating on and becoming expert in a particular subject or skill, often leading to increased efficiency.
Single-use Plans
Specific actions or strategies devised for a particular purpose or project, not intended for repeated or continuous use.
Budgets
Financial plans that outline expected income and expenditure over a specific time period, used by individuals, businesses, and governments to guide economic decision-making.
Qualitative Forecasting
The method of forecasting outcomes based on non-numerical information such as expert opinion, rather than quantitative data.
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