Which of the Following Statements About Psychographics Is Most Accurate

question 140

Multiple Choice

Which of the following statements about psychographics is most accurate?

• A)Psychographics is unable to provide actionable information about potential customers since the data obtained from the research are too subjective to be reliably interpreted and acted upon.
• B)Although helpful in segmenting markets, psychographics is limited in its ability to target consumers.
• C)Psychographics combines demographic data, psychological data, and actual spending data of consumers to create VALS profiles.
• D)Psychographics combines psychology, lifestyle, and demographics to uncover consumer motivations for buying and using offerings.
• E)Psychographic data are extremely vulnerable to current social trends and therefore are best suited to new market-product combinations rather than existing ones.

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Definitions:

Frequency Marketing

A marketing strategy that rewards customers based on the frequency of their purchases to encourage repeat business.

Conspicuous Consumption

Conspicuous consumption is the acquisition and display of luxury goods or services to signal wealth, status, or social position.

Purchasing Behaviour

The decision-making processes and actions of consumers related to buying goods or services.

Cognitive Learning Theory

A theory in psychology that states learning happens through internal processing of information, emphasizing the roles of thought, understanding, and knowledge acquisition.