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Answer:
Portfolio management depends on strategic planning
Explanation:
While strategic planning in the analysis of both internal and external factors that will guide towards implementing an effective business strategies using models like SWOT and ,PESTLE analysis and Porters five forces, portfolio management is the management of a particular investment.
Before one can improve on a plan , there must be an existing plan. This means that there must be a functioning operation before one can begin to talk of improving on a particular portfolio
Fires create external costs because they spread from one building to another. If the government wants to reduce the external costs of fires, <span>should it encourage subsidies for sprinkler systems.
Adding sprinkler systems can reduce the amount of fires that happen and spread because as soon as the fire starts, the sprinklers can put it out. Though these are costly, which they range in price depending on the system type and amount they are able to weigh the pros and cons of the system.
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The correct answer that would best complete the given statement above is PSYCHOGRAPHIC SEGMENTATION. Psychographic segmentation is d<span>ividing buyers into different segments based on social class, lifestyle, or personality characteristics. In the given situation above, it classifies the characteristic of a demographic group which are the 18-year-olds. Hope this answer helps.</span>