Which of the Following Observations About Geodemographic Segmentation Is True

question 82

Multiple Choice

Which of the following observations about geodemographic segmentation is true?

• A)It identifies specific individuals or households within a market.
• B)It creates classifications of actual,addressable,mappable neighborhoods where consumers live and shop.
• C)It is primarily based on the assumption that consumers in a particular neighborhood vary in many respects and lack similar consumption patterns.
• D)It identifies consumer needs and wants in new markets and for new products as existing markets are saturated.

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Definitions:

Maturity Stage

A phase in the product life cycle where growth stabilizes, and sales peak but do not significantly increase or decrease.

Highest Success Rate

Refers to the scenario or method that achieves the desired outcomes or objectives most consistently over others.

Lowest Amount

The minimum quantity or degree of something, often referring to the least amount of money or resources required.

Growth Strategy

Plans and actions aimed at increasing the scale and scope of a business's operations to drive higher profits and market share.