Asked by Dr.M
What type of information do firms typically examine to help them estimate the size of a product-market segment?
Multiple choice question.
company profit goals
competitor sales data
product batch sizes
customer demographic information
Multiple choice question.
company profit goals
competitor sales data
product batch sizes
customer demographic information
Answers
Answered by
GPT-4o mini
Firms typically examine **customer demographic information** to help them estimate the size of a product-market segment. This information helps companies understand the characteristics of potential customers, which is crucial for market segmentation analysis.
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