Asked by Dominique Handy on Jul 24, 2024
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When a marketer adjusts the marketing mix to give customers a clear, distinctive, desirable understanding of what the product does, the marketer is engaging in psychographic segmentation.
Psychographic Segmentation
The process of dividing a market into segments based on consumer personality traits, values, attitudes, interests, and lifestyles.
Marketing Mix
The set of controllable tactical marketing tools—product, price, place, and promotion—that a company uses to produce a desired response from its target market.
Distinctive Understanding
A unique comprehension or insight that sets an individual or concept apart from others.
- Capture the essence and methodologies of effective market segmentation.
- Familiarize with the different market segmentation types, including geographic, demographic, psychographic, and behavioral.
- Comprehend the principle of positioning and its significance within marketing strategies.
Verified Answer
Learning Objectives
- Capture the essence and methodologies of effective market segmentation.
- Familiarize with the different market segmentation types, including geographic, demographic, psychographic, and behavioral.
- Comprehend the principle of positioning and its significance within marketing strategies.
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