5.The principle of market segmentation assumes that .A. Consumers are both similar to and different from each other enough to identifypotential groups of buyers. B.Consumers are similar enough to each other to identify potential groups ofbuyersC. C. Consumers are different enough from each other to identify potential groups ofbuyersD. None of the above

The principle of market segmentation assumes that Consumers are both similar to and different from each other enough to identify potential groups of buyers.

Option: A

Explanation:

Before introducing or launching a product into a market it is very necessary to have overall knowledge about the nature and types of customer so that producer and seller can have a basic sense of customer's inclination.

For this market segmentation is very important. It is a process refers to the division of market on the basis of public's food habit, choice of product, tradition, nature and behavior. Each and every consumer is similar to and different from each other enough to identify potential groups. Identification of potential groups benefited both the producer and seller.

1) d

2)c

3)b

4) a

5)c

6) c

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.