Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Demographics indicate the characteristics of human population and segments, especially those used to identify consumer markets. Demographic characteristics can include age, gender, race, income, education,

Demographics indicate the characteristics of human population and segments, especially those used to identify consumer markets. Demographic characteristics can include age, gender, race, income, education, religion, and ethnicity. Marketers who are armed with demographic information can tailor their promotional strategy to appeal to those demographic segments.
In addition to understanding their customers, the company itself, their competition, and their corporate partners in their immediate environment, marketers must also understand the macroenvironmental factors that operate in the external environment. The primary components of the macroenvironment are culture, demographics, social issues, technologic advances, economic situation, and political/regulatory environment.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these General Management questions