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How do the following demographic variables affect Market Segmentation?
12-13-2012, 09:12 PM
Post: #1
How do the following demographic variables affect Market Segmentation?
How do the following demographic variables affect Market Segmentation?

a. Age
b. Education
c. Family Size
d. Race
e. Social Class
f. Occupation

Can anyone answer meeeeee~!!! >.<

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12-13-2012, 09:20 PM
Post: #2
 
Each is a factor in Market Segmentation. How they effect the Market Segmentation depends on what industry you are in.

The Market for Anti-Aging Creams is more Age Dependent than say the Market for Washing Machines.

Just think about it a bit, it's easy to distinguish.

How about the purchase of Luxury cars? Is education relevant?

How about McDonalds? Do children and hence total family size play a role? Why do they have Ronalds Playland? Or Happy Meals?

I tend to get sunburned when I spend to much time in the sun. Does my race relate to the sale of sun protection creams?

I feel the need to identify myself with intangibles with Luxury Brand Names like LV, Gucci and Prado. Am I part of a social class? Or maybe want to look the part? Social Class Relevant?

I am a construction worker and I a tough man. When I hear "Ford Tough" I feel that it related to who I am. Maybe I'll buy a Ford?

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