Which of the following is a definition of market segmentation?
A. It refers to identifying distinct groups of customers whose needs, wants, and purchasing behavior differ from others.
B. It refers to developing existing market segments and increasing market share within those segments.
C. It refers to identifying the need for new products in existing markets and developing products for those markets.
D. It refers to identifying new markets that can buy existing products.
E. It refers to identifying the needs of a new market and developing new products for that market.
A
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Tara, a single woman, owes $200,000 on her house loan from Big Bank. She loses her job and stops making loan payments. Big Bank forecloses upon Tara’s house. Big Bank receives $100,000 from the sale of the house. In Arkansas along with most other states what may Big Bank do at this point in time?
A. Send a notice of default to other creditors B. Obtain a deficiency judgment against Tara for $100,000 C. Offer Tara the right of redemption. D. Report Tara’s default to the local prosecutor for a criminal prosecution. E. Nothing: Big Bank must “write off” the remainder of the loan.
In the U.S, low power distance facilitates participation
a. true b. false