A group of consumers of approximately the same age who have undergone similar experiences is known as an age cohort.

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This statement is true. An age cohort refers to a group of individuals who were born at roughly the same time, and who have shared similar experiences growing up. This can include cultural events, milestones, and other factors that may have influenced their development in similar ways. Age cohorts can be a useful way to understand consumer behavior and trends, as well as to target marketing efforts towards specific groups.

A Group of Consumers of Approximately the Same Age Who