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When Asked to Name a Brand of Sports Drink,most People

question 148

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When asked to name a brand of sports drink,most people will answer Gatorade,and some will respond with Powerade also.But people with diabetes who still need to replenish electrolytes lost during activity or illness cannot drink these sports drinks because they are high in sugar and which can be drunk by diabetics.As a result,a manufacturer has developed Champion Lyte,which contains no sugar.The manufacturer of Champion Lyte has used _____ segmentation to identify its market.


Definitions:

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product.

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand.

Cartel

A formal agreement among competing firms to control prices or exclude entry of a new competitor in the market.

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

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