ENTREPRENEURSHIP

Detailed explanation-1: -Demographic segmentation is a precise form of audience identification based on data points like age, gender, marital status, family size, income, education, race, occupation, nationality, and/or religion. It’s among the four main types of marketing segmentation, and perhaps the most commonly used method.

Detailed explanation-2: -Demographic segmentation allows businesses to separate their target market into specific groups based on demographic variables such as gender, age, family size and life-cycle stage.

Detailed explanation-3: -Demographic segmentation is defined as a market segmentation method based on variables such as age, gender, income, etc.

Detailed explanation-4: -Demographic, psychographic, geographic, and behavioral are the four pillars of market segmentation, but consider using these four extra types to enhance your marketing efforts.

Detailed explanation-5: -A demographic segmentation strategy in which a product-market is grouped into segments based on the basis of age so that the organisation can more precisely target its offerings to the needs and wants of each stage of life of interest to it.