Asked by
Verified
Jerry has stated that his business appeals to people 50 years of age and older who are restructuring their finances for retirement plans.What has Jerry defined?
A) a niche market
B) a segmented market
C) a mass market
D) a diversified market
Niche Market
A specific, focused segment of the market aimed at meeting the particular needs of a certain group of customers.
Restructuring Finances
The process of reorganizing a company’s financial affairs, often in response to financial crisis, to ensure sustainability.
Retirement Plans
Financial strategies that individuals use to allocate savings and investments for the period of life after they stop working.
- Distinguish and discern among different market segments including mass, niche, segmented, and diversified markets.
Verified Answer
Learning Objectives
- Distinguish and discern among different market segments including mass, niche, segmented, and diversified markets.
Related questions
Which of the Following Offers a Variety of Products to ...
Gift Prescriptions Is a Company That Offers Small Gifts That ...
As Described in the Text,entrepreneurs Carlton and Hazel Solle Created ...
Which of the Following Best Defines the Term Mass Market ...
If an Automobile Manufacturer Advertised an Automobile for All Ages ...