why is social class a better indicator than income in assesing a persons possible product purchase?

Q: 1. Which of the following describe(s) measurable traits about a consumer, such as income, gender, or…

A: Traits like income, gender, marital status, etc help a business in targeting the right segmentation…

Q: What are the primary marketing implications ofTable 6–1?

A: Implementation of a marketing strategy can improve business profitability because of implications…

Q: analyze Pepsi's STP styategy for LIFEWTR?

A: PepsiCo will next year launch premium-priced drinking water known as LIFEWTR, adding a complete new}…

Q: How do the technological factors proove to be the game changers for the marketers?

A: Technology is now more crucial than ever for any kind of organization operating in the market.…

Q: 1. Identify the factors triat ale Conta mdu 2. Examine propose opportunity using screening and…

A: Disclaimer: Since you have posted a question with multiple sub-parts, so we will solve first three…

Q: Why is the concept of acculturation important to marketerswho want to target such groups as…

A: The concept of acculturation is an important concept to marketers as it helps in understanding the…

Q: What do most U.S. consumers do online?

A: Most U.S. customers shop online.

Q: Explain the term Income segmentation?

A: Market segmentation is an approach that leads to a unified population that is similar in some…

Q: What is age segmentation?

A: The simplest way to adopt a demographic segment is to use age and gender factors, but there are many…

Q: Do various demographic or social-strata groups (age, gender, urban/suburban/rural, occupation,…

A: INTRODUCTION: Consumer behavior is the learning of individuals, groups, or organizations and all…

Q: How would you contrast demographic and behavioral segment schemes? Which one(s) do you think would…

A: In market segmentation, consumers are identified as groups in order to present specific products or…

Q: Consider the demographics and lifestyles of Australian or any Western society. Discuss how variables…

A: Demographics and lifestyles: Demographics refers to a group of human population based on few…

Q: What is demographic segmentation?

A: Demographics is a method of market segregation where the target market of an organization is…

Q: What is geo-demographic analysis?

A: Marketers segment the market to find out the potential buyers for the product/service. Marketers…

Q: Identify the correct mix of demographic segmentation variables? O a. Age, lifestyle, race, education…

A: Segmentation means dividing the market into different parts based on its nature. The important…

Q: What is meant by Personal income?

A: Consumer consumption is strongly influenced by personal income. National statistical organizations,…

Q: Describe loyalty status segmentation with the help of example ?

A: The loyalty status segmentation is discussed with the help of example as follows-

Q: How do the lifestyles of baby boomers and Gen Y differ? How are they influencing trends in real…

A: Baby boomers are those people who were born between 1946 and 1964.  These people are old generation…

Q: How would you determine the existence of consumerproblems of relevance to a marketer of the…

A: Disclaimer: Since you have posted a question with multiple sub-parts, we will solve first three…

Q: Generalizing from the global fashion lifestyles inthe opener, develop a marketing strategy fora. A…

A: Marketing is an activity which the firm takes up to make customers. Various activities carried out…

Q: Create a profile of yourself as part of a market segment.Include the following:a. geographic…

A: Market segment means making groups of people for advertising differentiated according to their…

Q: Changing demographics and cultural values are important to marketers. list at least three current…

A: Indeed, that is valid. Changing demographic and cultural values are important to marketers.…

Q: Explain the term Demographic segmentation?

A: Market segmentation is the process of dividing the market into small homogenous groups, that have…

Q: DESCRIBE GENERATION Z. WHAT DIFFERENTIATES GENZERS FROM OTHER DEMOGRAPHIC GROUPS,SUCH AS BODY…

A: Members of Gen Z are people born between 1995 to 2010. They are the true digital-natives from…

Q: Definethe term Market penetration?

A: Market penetration can be used to evaluate an industry and calculate the likelihood that enterprises…

Q: Social classes are society's temporary divisions. Select one: True False

A: The term "social class" refers to societal distinctions brought about by economic and social status…

Q: With which stage in the family life cycle wouldthe purchase of the following products and ser-vices…

A: Family Life Cycle (or usually abbreviated as FLC) basically shows a sequence of stages through which…

Q: Chapter 4 discusses generational groups. Which ofthese segments is Coca-Cola targeting with “Share…

A: Earlier the marketers used traditional marketing communication tools like paid advertising through…

Q: how can status value be added at Cutey Barber Salon

A: The primary operating characteristic of a product is performance. It consists of certain measurable…

Q: Why is population growth an important conceptfor marketers?

A: А  mаrketer  is  аn  individuаl  whо  is  resроnsible  fоr  сreаting  аn  invоlvement  сhаin…

Q: What is income segmentation?

A: Market segmentation involves assembling incoming customers into groups with common needs and…

Q: How does egonomics be a basis of segmentation? Name some example of such.

A: Economic can be a basis of segmentation. Factor such as income level, decides the overall buying…

Q: Describe the different Technographics segments.How can marketers use this segmentation in…

A: Technographics market segmentation is a type of market segmentation in which, market research…

Q: Who is market nichers?

A: A niche is a particular part of a market that is integrated by a mutual interest or demographics.…

Q: Em bes ts Breed social medi Continue toe Combuter tee this! esnpans Connect Klith

A: Businesses running online or offline always require customers, which helps the business keep on…