The Principal Distinction Between Segmentation and Differentiation Is That Segmentation

question 42

True/False

The principal distinction between segmentation and differentiation is that segmentation is a strategic choice by a firm while differentiation is a feature of market structure.

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Definitions:

High Productivity

The state of achieving a significant amount of output per unit of input, enhancing efficiency and effectiveness in production or work.

High Earnings

Refers to income levels that are significantly above the average or median for a given demographic or region.

Economic Progress

The overall growth and development of an economy, often marked by an increase in wealth, improvements in the standard of living, and technological advancement.

Market Economy

A type of economic system where supply and demand from consumers primarily determine the production of goods and services.