Demographic Segmentation Divides a Market into Groups Based on Such

question 171

True/False

Demographic segmentation divides a market into groups based on such criteria as values,interests,opinions,and lifestyles.

---

Definitions:

Qualified Status

A designation indicating that a person or entity meets the specific requirements set by law or regulations for a particular purpose or benefit.

Highly Compensated Employees

Employees who receive pay above a specific threshold set by the IRS, subject to additional rules and regulations for retirement plan contributions.

Pension

A retirement plan that requires an employer to make contributions into a pool of funds set aside for an employee's future benefit.

Profit-sharing Plan

A retirement plan that gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company's earnings.