An) ____________ Is One That a Firm Has Selected from Among

question 12

Multiple Choice

An) ____________ is one that a firm has selected from among those in the broader market and may be defined on the basis of several variables.

• A)general segment
• B)segmentation field
• C)target segment
• D)holistic segment
• E)mass customization

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Definitions:

Labor-Productivity

The measure of the amount of goods and services produced by one hour of labor.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to more efficient international trade.

Comparative Advantage

The ability of an individual, company, or country to produce a particular good or service at a lower opportunity cost than competitors, leading to more efficient international trade.

Comparative Advantage

A principle in international trade that suggests a country should export goods in which it is more efficient and import those in which it is less efficient, compared to other countries.