The Customer Type Component of the Product-Market Should Include

question 52

Multiple Choice

The customer type component of the product-market should include:

• A) the buyer of the product
• B) the type of good and service
• C) the user of the product
• D) the geographic area where customers live
• E) all of the above should be in the customer type.

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Definitions:

Grade Point Average

An average score that represents the cumulative performance of a student in their academic courses, calculated on a scale, often 0 to 4.0 or 5.0.

College Grades

The grading system used in higher education to measure and record students' academic performance.

Efficient Economy

An economy that optimally allocates its resources, producing the maximum amount of goods and services possible from its input resources.

Consumers Demand

The desire of purchasers, consumers, or clients for a particular commodity or service supported by purchasing power.