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What ia the most common way firms differentiate between consumer groups?
Firms commonly differentiate between consumer groups using demographic segmentation, which includes factors such as age, gender, income, education, and family size. This approach allows businesses to tailor their marketing strategies and product offerings to meet the specific needs and preferences of different demographic segments. Additionally, firms may also consider psychographic factors like lifestyle and values to further refine their targeting.
What are the characteristics that differentiate families from other social groups?
The charateristics that differentiate families from other social groups are law, education, lifestyle.
What is the purpose of consumer advocacy groups?
to promote the interest of consumer
What is the difference between global economy and international economy?
There is no functional difference; they are the same thing, though they may be applied to differentiate between economic activity between certain groups of states and the world as a whole.
What are Consumer characteristics?
Consumer characteristics are used to segment markets into workable groups
Which groups traditionally have been exempt from legal and moral culpability?
The young and mentally insane. The reasoning for this is because they do not have the mental capacity to differentiate between what is right and what is wrong.
What is a lekgotla?
A lekgotla is a consultative process between groups pursuing a common goal.
Compare and contrast descriptive statistics and inferential statistics?
Descriptive statistics are meant to describe the situation such as the average or the range. Inferential statistics is used to differentiate between a couple of groups.
What do control groups and experimental groups not have in common?
The variable being tested. The difference between the two groups after the experiment will ideally show some effect by the variable element.
What are the demographics for the targeted consumer groups?
i don't care about this
What do justice advocacy groups do?
to promote the interest of consumer
What are three groups of consumer?
plants,animals, and fungi.
