Demographics ________

question 108

Multiple Choice

Demographics ________.

• A)segment on the basis of shared attitudes,opinions,and interests
• B)segment on the basis of what they do with a product
• C)segment on the basis of when they use a product
• D)are measurable characteristics such as age and gender
• E)use qualitative data to explain why seemingly homogeneous consumers are not homogeneous

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Definitions:

Marginal Cost Curve

A graph showing the change in total production cost that comes from making or producing one additional unit.

Competitive Firm

A company operating in a market where it has little to no market power, and thus sets its prices based on the market conditions.

Variable Factors

In economics, these are inputs or resources whose quantity can be changed in the short term to adjust the level of output.

Warehouse Space

The area available in a warehouse for the storage of goods, products, or materials.