Which of the four bases of market segmentation tend to have the largest impact on which specific product the customer buys?Group of answer choicesGeographicPsychographicDemographicBehavioural
Question
Which of the four bases of market segmentation tend to have the largest impact on which specific product the customer buys?Group of answer choicesGeographicPsychographicDemographicBehavioural
Solution
The four bases of market segmentation are Geographic, Psychographic, Demographic, and Behavioural.
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Geographic segmentation divides the market based on geographical areas such as nations, states, regions, cities, or neighborhoods. This type of segmentation is useful for businesses that vary their products based on location.
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Psychographic segmentation divides the market based on lifestyle, personality, values, opinions, attitudes, interests, and social class of individuals. This type of segmentation is useful for businesses that want to target a specific group of people.
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Demographic segmentation divides the market based on demographic factors such as age, gender, family size, income, occupation, education, religion, race, and nationality. This type of segmentation is useful for businesses that have products that are more likely to be purchased by a specific demographic group.
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Behavioural segmentation divides the market based on consumer's knowledge, attitudes, uses, or responses to a product. This type of segmentation is useful for businesses that want to understand how consumers interact with their products.
Among these four, Behavioural segmentation tends to have the largest impact on which specific product the customer buys. This is because it focuses on understanding the behavior of the consumer, including their buying habits, usage rate, brand interactions, and spending habits. This information can be used to tailor products to specific behaviors, making it more likely that the consumer will choose that product.
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