Question

Firms use various methods for identifying customers such as​ ________ and​ ________.

A. observable characteristics such as​ age; their actions such as willingness to wait in long lines
B. observable characteristics such as willingness to wait in long​ lines; their actions such as whether or not they live a long time
C. the color of their​ hair; whether or not they roll their eyes at high prices
D. None of the above.

Answer 1

Answer:

The correct answer to the following question is option A) .

Explanation:

One way in which firms identify customer is through observational characteristics which can be age, by knowing the average of their target customers , a firm can know whether their target customers would be willing to wait in long lines or not for getting the firms product. As if their target customers mainly consists of old age then those customer won't be willing to wait in long lines to get the product.