Which One of the Following Is a Commonly Used Method

question 73

Multiple Choice

Which one of the following is a commonly used method for segmenting markets?

• A) the benefit method
• B) the physiological method
• C) the product method
• D) the consumer method

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Definitions:

Efficient Level

The optimal point of production or operation where a firm, market, or economy can achieve the best possible outcome with the least waste of resources.

Society's Point

A perspective or consideration based on the collective interests or well-being of a community or society as a whole.

Total Revenue

The total income a firm receives from the sale of its goods or services.

Profit Maximizing

The process a firm uses to identify the most profitable pricing and production levels.