Individuals in the age group of 12 to 18 years, who extensively use the internet is an example of a market segment
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
A market segment is a group of individuals or organizations who share one or more characteristics. They therefore, may have relatively similar product needs. For example, parents of newborn babies need formula, diapers, and special foods.
Business
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LIFO liquidations can occur frequently when using a specific-goods approach
a. true b. false
Business
In some collectivist systems, such as Venezuela, politicians control media outlets and limit individual property rights in order to acquire power in the business environment
Indicate whether the statement is true or false
Business