Examlex
Dividing an overall market into homogeneous groups based on gender and age would constitute demographic segmentation.
Price Decrease
A reduction in the cost of goods or services, often reflective of changes in supply and demand, competition, or production costs.
Personal Computers
Electronic devices designed for individual use, capable of executing a wide range of applications, from word processing and web browsing to gaming and programming.
Normal Good
A good for which demand increases as consumer income rises, and decreases as consumer income falls.
Income Increase
An income increase refers to a rise in the amount of earnings received by an individual or household, which can affect purchasing power and economic status.
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Q247: One of the difficulties of demographic segmentation