Geographic Segmentation Divides the Market into Segments Based on Variables

question 125

True/False

Geographic segmentation divides the market into segments based on variables such as age, life-cycle stage, gender, income, occupation, education, religion, ethnicity, and generation.

---

Definitions:

Customer Relationship Marketing

A marketing strategy focused on building and maintaining long-term, personal relationships with customers.

Intimate Friendship

An intimate and personal bond marked by strong love, confidence, and reciprocal comprehension.

Business Friendship

A professional relationship that incorporates mutual respect, trust, and personal interest, enhancing collaboration.

Circular Relationship

A relationship where two or more entities are interrelated in such a way that they influence each other reciprocally.