There Are Many Ways to Segment the Market Using Demographics

question 20

Multiple Choice

There are many ways to segment the market using demographics.Select the answer below that is the most truthful about demographic segmentation.

• A) Income, education, and occupation are very closely correlated.
• B) Income is all you need to know about someone.
• C) Age is usually not a factor in segmentation.
• D) The youth culture is the most important segmentation variable.
• E) All of the above are true.

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Definitions:

Bidders

Individuals or entities that offer a specific price for goods, services, or assets in auctions or competitive tenders.

Expected Price

The price level that purchasers or sellers anticipate a good or service will have in the future.

Oral Auction

A type of auction where bids are made verbally in the presence of an auctioneer and other bidders.

Bidders

Individuals or entities that offer a specific price for goods, services, or assets, typically in the context of auctions or tendering processes.