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Figure 18-4
-Refer to Figure 18-4 to answer the following questions.
a.Did the distribution of income become more equal in 2012 than it was in 2011,or did it become less equal? Explain.
b.If area A = 1,900,area B = 450,and area C = 2,650,calculate the Gini coefficient for 2011 and the Gini coefficient for 2012.
Concentrated
Focusing resources or efforts on a limited area or segment, often to achieve a more significant impact or deeper understanding.
Niche
A specialized segment of the market for a particular kind of product or service.
Undifferentiated
A marketing strategy where a company markets its product or service to all potential consumers in the same manner, without segmentation.
Competitive Advantage
The unique attributes or capabilities that allow a company to outperform its competitors, creating greater value for its customers.
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