Which of the Following Factors Have Contributed the Least to the Growth

question 97

Multiple Choice

Which of the following factors have contributed the least to the growth of services in the U.S.economy?

• A)Increased interest in travel and entertainment
• B)Increased number of women in the workforce
• C)Increased proportion of older people in the United States
• D)Increased interest of Americans in fitness and recreation
• E)Increased number of high-tech goods

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Definitions:

Diversified Market

Two or more customer segments with different needs and problems that bear no relationship to each other.

Customer Segments

Distinct groups of people who share similar needs or characteristics targeted by a business's products or services.

Segmented Market

A market divided into groups according to customers’ different needs and problems.

Mass Market

Refers to the large, general group of consumers that products are aimed at, not tailored to specific niches.