Examlex
Data used as a substitute for more desirable data that are unobtainable is called ________.
Demographic Variables
Demographic variables are characteristics such as age, gender, income, education level, and ethnicity, used to classify and understand target markets or populations.
Psychographic Variables
Characteristics of consumers or markets based on interests, lifestyles, attitudes, and values for segmentation purposes.
Segmentation Bases
Criteria or variables used for dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors, who might require separate products or marketing mixes.
Psychographic Segmentation
A marketing technique that divides consumers into sub-groups based on shared psychological characteristics, values, attitudes, interests, or lifestyles.
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