Asked by Jalon Lipford on May 10, 2024

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Psychographic segmentation has been found to be more useful for marketers than demographics alone as a way to predict consumer behavior, especially for

A) products that have reached the maturity stage in the product life cycle.
B) imported goods and services.
C) products and services that don't exist yet.
D) products that appeal to children.
E) durable goods.

Psychographic Segmentation

A marketing technique involving division of a market into segments based on consumer personality traits, values, attitudes, interests, or lifestyles.

Demographics

Statistical data relating to the population and the different groups within it, such as age, gender, income, and education.

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society.

  • Recognize psychographic segmentation's role in predicting consumer behavior.
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AC
Akilah ClarkeMay 12, 2024
Final Answer :
C
Explanation :
Psychographic segmentation focuses on understanding consumer behavior based on their attitudes, values, lifestyle, and personalities, rather than just their demographics (such as age, gender, income). This makes it more useful for predicting consumer behavior for products and services that have not yet been created, as well as for those that are being introduced into the market for the first time. It can also be helpful for predicting consumer behavior for products and services that have already reached maturity, but where the behavior of consumers is changing due to factors such as new technology or changing social trends. For products that appeal to children, demographic segmentation is still very useful, as children can be classified by age, gender, and other demographic factors. Psychographic segmentation is also useful for durable goods, where factors such as lifestyle and personality are likely to play a bigger role in consumers' purchasing decisions.