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Timmy is visiting the dog pound and looking for a new pet. He looks from cage to cage until he suddenly sees a collie sitting in the far corner. He thinks to himself, "That dog looks great. I think I'll bring her home and name her Lassie." At this moment, the best example of what's in Tommy's working memory would be the
Psychographics
Used in segmentation; delves into how consumers describe themselves; allows people to describe themselves using those characteristics that help them choose how they occupy their time (behavior) and what underlying psychological reasons determine those choices.
Demographic Changes
Alterations in the statistical characteristics of a population over time, including age, gender, income levels, etc.
Scarce Incomes
The condition where available financial resources are insufficient to meet the needs or wants of individuals or communities.
Psychographic Segmentation
A marketing technique involving division of a market into segments based on consumer personality traits, values, attitudes, interests, or lifestyles.
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