RESEARCH ETHICS
COMMERCIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Segment (Market)
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The percentage of sales a company has.
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Customers of a similar age, income level or social group.
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The best-selling product or brand in a market.
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Information about what consumers want or need.
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The second best-selling product or brand in a market.
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Explanation:
Detailed explanation-1: -Demographic segmentation is defined as a market segmentation method based on variables such as age, gender, income, etc. This segmentation helps organizations understand consumer behavior accurately that in turn, helps them perform better.
Detailed explanation-2: -Demographic, psychographic, geographic, and behavioral are the four pillars of market segmentation, but consider using these four extra types to enhance your marketing efforts.
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