Question

Dividing the market based on age, income, educational qualification,is known as​

Answer 1

Explanation:

Demographic segmentation is the simple process used by marketers to divide the total potential customers based on their different demographic factors such as gender, age, family, income, educational background, religion, socio economic status, race, etc. Definition.

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Answer 2

Answer:

Demographic Segmentation

Explanation:

Demographic Segmentation is the target market-based strategy. It allows businesses to be more strategic and specific with marketing. A one-fit-all marketing strategy will likely not appeal to every member of your target market because different individuals have different preferences – what appeals to Consumer X may not attract Consumer Y.

Demographic Segmentation variables are Age, Gender, Religion, Race, Ethnicity, location etc..

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