Multiple Choice
Ford Motor Company surveyed 10,000 customers to analyze their needs and preferences in automobiles. At the end of the survey, respondents were asked to provide demographic information, including age. Responses concerning preferences were strikingly similar for each group within a specific five-year age range. What is this a result of?
A) income effect
B) life-cycle effect
C) cohort effect
D) global-generation effect
Correct Answer:
Verified
Correct Answer:
Verified
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