Asked by Brookelyn Pfleging on May 18, 2024

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Personality variables such as confidence,conservation,and independence are used to segment markets.

Personality Variables

Characteristics or traits that vary among individuals, influencing behavior and outcomes.

Market Segments

Subsets of a market comprised of individuals or organizations with one or more shared characteristics.

  • Become familiar with multiple techniques of dividing markets, focusing on demographic and personality-based determinants.
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KC
Kihei ClarkMay 24, 2024
Final Answer :
True
Explanation :
Personality variables are commonly used in market segmentation, along with demographic, geographic, and behavioral variables. Confidence, conservation, and independence are just a few examples of personality traits that may be used to segment a market. By understanding the unique needs, preferences, and behaviors of different consumer segments, companies can develop more targeted marketing strategies and increase their chances of success in the marketplace.