Define and State the Historical Significance of the Following

question 67

Short Answer

Define and state the historical significance of the following:
-"surplus population"

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Definitions:

Usage Rate

The frequency with which consumers use a product, often used to segment markets or tailor marketing strategies.

Psychographics

The study and classification of people according to their attitudes, aspirations, and other psychological criteria, especially in market research.

Psychographic Segmentation

The process of dividing a market into segments based on consumer personalities, values, attitudes, interests, or lifestyles.

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy.