The Division of Buyers into Groups Based on Lifestyle,class,or Personality

question 2

Multiple Choice

The division of buyers into groups based on lifestyle,class,or personality characteristics is ________ segmentation.

• A) psychographic
• B) demographic
• C) behavioral
• D) needs

---

Definitions:

Economic Development

The process of improving the economic well-being and quality of life through targeted initiatives aimed at increasing income levels, reducing poverty, and promoting sustainable growth.

Low Levels

Refers to a situation where measurements, quantities, or activities are significantly below average or expected standards.

GDP

Gross Domestic Product; the total monetary value of all goods and services produced within a country's borders in a specific time period.

Healthcare Spending

Financial expenditures related to medical services, including prevention, treatment, and rehabilitation.