________ is a process by which marketers search for unique groups of people whose needs can be addressed through more specialized products.

A. Targeted diversification
B. Product segmentation
C. Market aggregation
D. Demarketing
E. Market segmentation


Answer: E

Business

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Lilly Company has been depreciating equipment for 10 years with an estimated total useful life of 25 years. Lilly has revised the estimated life to be only 17 years, with 7 years remaining in the asset's useful life. What is the appropriate action that Lilly should do now?

A) record a change in estimate by recomputing depreciation of prior periods and restating prior period financial results accordingly B) record a change in estimate by recomputing depreciation of prior periods and presenting the net depreciation adjustment as a cumulative effect change in accounting principle in the current period C) continue to depreciate the equipment over the original 25-year life D) depreciate the remaining book value over the remaining 7 years of the asset's useful life

Business

According to the Principle of Veracity, ______.

A. lies are never justified B. most lies are justified C. liars must justify their lies D. none of these

Business

Liability arising out of which of the following is covered under the personal injury endorsement to the homeowners policy?

A) bodily injury B) property damage C) slander D) professional liability

Business

If goods are shipped FOB destination, who is responsible for the freight costs?

What will be an ideal response?

Business