Asked by Dominique Handy on Jul 24, 2024

verifed

Verified

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.
verifed

Verified Answer

YB
YUVRAJ BHANDARIJul 26, 2024
Final Answer :
False
Explanation :
The marketer is actually engaging in positioning, which is a separate strategy from segmentation. Psychographic segmentation focuses on dividing the market based on customers' personalities, lifestyles, attitudes, and values.