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Develop a Lifestyle Segmentation Scheme for Students at Your University,and

question 74

Essay

Develop a lifestyle segmentation scheme for students at your university,and label and describe three segments.You can think of this as developing your own version of the VALS tool,but specifically for college students.


Definitions:

Marginal Product

The additional output that is produced by using one more unit of a particular input, holding all other inputs constant.

Number of Workers

The total count of individuals employed or available for employment within a business or economy.

Law of Diminishing Returns

The principle that as one factor of production is increased while others are held constant, the incremental gains in output will eventually decrease.

Marginal Output

The additional output that results from using one more unit of a particular input, holding all other inputs constant.

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