_____ Marketing Involves Designing Specific Products and Services to Meet

question 45

Multiple Choice

_____ marketing involves designing specific products and services to meet the needs of different target groups.

• A)Niche
• B)Segment
• C)Mass
• D)Micro

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Definitions:

Poverty

A state of financial instability where individuals or families lack sufficient income to meet basic needs such as food, shelter, and healthcare.

Income Disparities

The unequal distribution of income among different groups in society.

Wealth Disparities

Refers to the significant differences in wealth (assets and income) among different groups, often analyzed by race, ethnicity, or socioeconomic status.

Financial Institutions

Organizations that provide financial services, such as banks, credit unions, stockbrokers, and insurance companies.