Demographic segmentation

From Pricing Wiki
Revision as of 13:11, 31 July 2012 by Professional Pricing Society (talk | contribs) (Created page with "'''Demographic segmentation''' occurs when the market is divided into groups on the basis of variables such as age, family size, family life cycle, gender, income, religion, race...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Demographic segmentation occurs when the market is divided into groups on the basis of variables such as age, family size, family life cycle, gender, income, religion, race, social class, nationality, generation, education, and occupation. Demographic variables are the most popular way to distinguish customer segments. One of the reasons that demographic segmentation is so popular is that consumer desires, preferences, and usage rates are often associated with demographic variables that are relatively easy to quantify.