True rather be safe then sorry
Answer:
market segmentation
Explanation:
Market segmentation -
It is the marketing strategy , where the market is bifurcated into different segments , according to the needs of the consumers , is referred to as market segmentation .
The needs and taste of the consumers are considered , for a particular segment , and is incorporated into the goods and services .
Hence , from the given scenario of the question ,
The correct term is market segmentation .
This is a classic example of what is termed "Pork" or "Pork barrel politics". Pork is when a legislator tries to divert federal funds to projects in their districts or State. These funds provide jobs and income for his constituents who the will repay him with votes in the next election.
Answer:
retail charge cards
Explanation:
A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.
Hence, the use of credit cards by consumers broadens a small company's customer base.
This ultimately implies that, small businesses or companies who avail their customers the opportunity to pay using a credit card will increase the number of customers that would patronize them because they are typically buying the goods and services on credit.
Generally, there are three (3) main types of credit card and these includes;
I. Debit card.
II. Prepaid card.
III. Retail charge cards.
A retail charge card can be defined as a type of credit card commonly issued by retailers to their customers in order to avail the customers an ability to charge their goods and services to a specific amount that has been established prior to a purchase.
Hence, it is most common in merchant department, car rental firms, oil companies, clothing stores and other high-volume outlets, where customers are likely to make several purchases each month.
