Demographic Segment Notes: Definitions & Explanations PDF | Download eBooks
Study Demographic Segment lecture notes PDF with strategic management definitions and explanation to study “What is Demographic Segment?”. Study demographic segment explanation with strategic management terms to review strategic management course for online MBA programs.
Demographic Segment Definition:
Demographic segment is concerned with a population's size, age structure, geographic distribution, ethnic mix, and income distribution.
Strategic Management by Michael A. Hitt, R. Duane Ireland, et al.
Demographic Segment Notes:
Demographic segment is characterized as a market division strategy dependent on factors, for example, age, sex, salary and so on. This division enables associations to comprehend customer conduct precisely that thus causes them perform better. Statistic properties like age, sex, sexual orientation, religion, and instructive capability, assume a significant job in research. Regardless of whether it's with a motivation behind propelling another item or presenting changes or actualizing new benefits, organizations need to remain ready and in the know regarding this consistently evolving business sector. Consequently, the investigation of how populace dependent on statistic division act towards changes in items or administrations is basic to know. This one perspective enables organizations to remain in front of their rivals and perform better. To ponder the market, it is critical to realize statistic who contain that market space.
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