Variables Such as Location, the North American Industry Classification System

question 115

Multiple Choice

Variables such as location, the North American Industry Classification System (NAICS) code, and number of employees are all examples of ways to

• A)differentiate products.
• B)forecast sales to a consumer market.
• C)segment an organizational market.
• D)promote NAFTA.
• E)segment a consumer market.

Recognize the characteristics and outcomes of monopolistically competitive markets.

Determine the conditions for profit maximization in different market structures.

Understand the role of product differentiation in monopolistically competitive markets.

Identify market structures through graphical analysis.