Psychographic Segmentation Involves Dividing a Market into Segments Based on Lifestyle

question 164

True/False

Psychographic segmentation involves dividing a market into segments based on lifestyle, values, attitudes, or interests.

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Definitions:

Reasonable Cost

A standard in pricing or expenditure that is fair, proper, and not excessive under the circumstances.

Exculpatory Clause

A provision in a contract that absolves one party from liability for their own negligence or wrongdoing.

Liability

Obligation or liability for one's actions or debts.

Tortious Conduct

Actions carried out by an individual or entity that cause harm or loss to another, leading to civil legal liability.