Question

What does the demographic segmenting show?

Answer 1

Answer:

1. Demographic segmentation is defined as a market segmentation method based on variables such as age, gender, income etc.
2. This segmentation helps organizations understand consumer behavior accurately that in turn helps them perform better.
3. Demographic attributes like age, sex, gender, religion, and educational qualification, play an important role in research.
4. Whether it’s with a purpose of launching a new product or introducing changes or implementing new services, businesses need to stay on board and up to date with this ever-changing market.
5. Therefore, the study of how population based on demographic segmentation behave towards changes in products or services is essential to know.
6. This one aspect helps businesses stay ahead of their competitors and perform better.

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