Auto Insurance Is Needed Primarily Because of

question 152

Multiple Choice

Auto insurance is needed primarily because of

• A)potential damage to auto.
• B)potential liability claims.
• C)lender's requirements.
• D)state law.
• E)federal requirements.

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Definitions:

Subgroups

Smaller, specific groups formed within a larger group based on shared characteristics or interests.

Geographic Segmentation

The division of a market into different geographical units such as nations, states, regions, or cities, to customize marketing strategies.

Mass Affluent

A social class characterized by individuals with more wealth than the average population, but not considered wealthy enough to be in the high-net-worth category.

Targeting

The process of identifying and focusing marketing efforts on specific groups of consumers who are most likely to respond positively to particular products or services.