Explain the Difference Between Demographic Variables and Psychographic Variables

question 6

Essay

Explain the difference between demographic variables and psychographic variables.

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Definitions:

Exchange Rate

The value of one currency expressed in terms of another currency, used to determine how much of one currency can be exchanged for another.

Tax Rebate

A refund on taxes when the tax liability is less than the taxes paid.

Interest Rate

The percentage of a sum of money charged for its use, usually expressed as an annual percentage.

Net Capital Outflow

The difference between the domestic purchase of foreign assets and the foreign purchase of domestic assets.