Which of the Following Would Be the Most Likely Result

question 213

Multiple Choice

Which of the following would be the most likely result of a binding price ceiling imposed on the market for rental cars?

• A)frequent rental programs such as "Rent nine times and the tenth rental is free!"
• B)enhanced maintenance programs to promote the high quality of the cars
• C)free gasoline given to people as an incentive to a rent a car
• D)slow replacement of old rental cars with newer ones

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Definitions:

International Segmentation

The process of dividing a brand's market into distinct groups of consumers by geographical regions or countries, based on shared needs or preferences, for more targeted marketing.

Unique Segmentation

The process of dividing a market into distinct and specific groups of consumers who share unique characteristics or needs.

Market Appeal

The attractiveness of a product or service to potential customers, often determined by its value, quality, and relevance to the target market.

Similarity in Needs

The concept that different customers or market segments may have comparable requirements or desires that a product or service can fulfill.