Examlex
Define market segmentation and explain three of the methods marketers use to segment the market.
Cab Rides
The service provided by taxis or ride-sharing vehicles, offering transportation for passengers from one location to another.
Optimal Consumption Bundle
The combination of goods and services that maximizes a consumer's utility given their budget constraints.
Marginal Utility
The further benefit or pleasure derived by consuming an additional unit of a given good or service.
Weekly Income
The total amount of money earned or received by an individual or household over the course of a week.
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