Demographic Segmentation Divides the Market Based On

question 76

Multiple Choice

Demographic segmentation divides the market based on:

• A) measurable characteristics about people.
• B) where consumers live.
• C) the behavior of people toward certain products.
• D) people's attitudes and lifestyles.

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Definitions:

Insurance Increases

An increase in the cost of an insurance premium, typically due to factors like higher risk or inflation.

Investment Portion

The segment of an investment portfolio allocated to various investment vehicles according to a specific strategy.

Death Benefit

A payment made to the beneficiaries of an insurance policy or pension plan when the insured or participant dies.

Insurance Portion

The portion of a payment specifically allocated to cover insurance costs.