In ______________ segmentation , buyers are divided into different groups on the basis of life style or personality and values
Question
In ______________ segmentation , buyers are divided into different groups on the basis of life style or personality and values
Solution
The answer is "Psychographic segmentation". In psychographic segmentation, buyers are divided into different groups on the basis of lifestyle, personality, and values. This type of segmentation is used to understand consumer behavior and preferences, allowing businesses to tailor their products or services to meet the specific needs and wants of their target market.
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