The Distribution of People of Different Age Groups Can Best

question 70

Short Answer

The distribution of people of different age groups can best be represented by a graph called a __________ __________, which shows five or ten-year age groups as different sized bars.

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Definitions:

Psychographic Categories

Classification of consumers based on their lifestyles, interests, attitudes, and values to understand their purchasing behavior.

Consumer Consumption

The process by which consumers use and dispose of products and services, encompassing the behaviors and patterns of use.

Market Segmentation

Market segmentation is the process of dividing a broader market into smaller, homogeneous groups of consumers with similar wants, needs, or demographic profiles, to tailor marketing strategies more effectively.

Differentiated Marketing

A marketing strategy where a company targets multiple market segments, tailoring specific messages for each.