Explain the difference between demographics and psychographics. Why is this information important to retailers?

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Methods of IT Project Management

ISBN: 978-1557536631

2nd edition

Authors: Jeffrey Brewer, Kevin Dittman

See More Books

Posted Date: Feb 27, 2024 07:22 AM

See More Questions

PLEASE GIVE CORRECT ANSWERS Prove that the number of comparators in any sorting network is (n log n). [4 marks] (ii) What does Part (d)(i) imply in terms of the depth of any sorting network? [1 mark]...
MUST BE CORRECT ANSWERS A small software company has the following simplified cashflow, funded by shareholders' equity of 20,000 and a bank overdraft of 5000: Invoiced money received 2 months after...
Detailed in Java. Demonstrate on how these two activities being executed? Explain the difference between 'x' and "x" when used as constants in C. Describe the memory representation of both values. [4...
In Problem 10.16, we projected financial statements for Walmart Stores for Years +1 through +5. The data in Chapter 12s Exhibits 12.1612.18 include the actual amounts for 2008 and the projected...
A sled slides without friction down a small, ice-covered hill. On its first run down the hill, the sled starts from rest at the top of the hill and its speed at the bottom is 7.50 m/s. On a second...
You have been offered a superconducting magnet which claims to have a homogeneity of '1 part in 108'. Your intention is to use it to record 31P spectra at Larmor frequency of 180 MHz, and you know...
Briefly explain the difference between accounting, finance, and engineering economics. Try to put the concepts in your own (or your team's) words and compare the concepts where appropriate.
Valentine Investigations has the following information for its cash account: Balance, 1/31 ............... $ 7,444 Deposits during February ........... 106,780 Checks written during February ...........
A large 5-kg marble moves at a speed of 20 m/s. It collides with a second marble whose mass is 10-kg, moving at 10 m/s in the same direction. After the collision, the 5-kg marble continues with a...
Carrie D'Lake, Reed A. Green, and Doug A. Divot share a passion for golf and decide to go into the golf club manufacturing business together. On January 2, 2015, D'Lake, Green, and Divot form the...
Grape Ltd acquired all the issued shares of Duck Ltd for $940 000 cash on 1 July 2020. The following information is available at this acquisition date: The equity of Duck Ltd is provided below: Share...
(b.) The first 7 years of the Jacksons' ARM-loan have gone by and it is time to reset the loan. What will be their outstanding principal after 7 years? Use a TVM solver to solve this problem. Fill in...
You decide to buy a house for a total of $320,544. To get a mortgage loan, you make a 10% down payment, and the bank will lend you the rest. The interest rate quoted for this loan is 3% APR, and the...
You will deposit $ 1 9 8 , 0 0 0 today. It will grow for four and half years at 1 0 % interest, but compounded semi - annually. How much will your investment grow to ?
A newly issued 1 0 - year corporate bond with a coupon rate of 4 % and a face value of $ 1 , 0 0 0 . What is the fair price of the bond when the yield to maturity is 8 % One year after, the yield to...
Which statement best explains why the SEC has concerns about the independence of an audit firm partner who is compensated when she sells nonaudit services to her audit client? O The partner may lose...
Timmons Corporation has authorized a bond issue with interest payment dates of January 1 and July 1. If the bonds are sold at the face amount on March 1, the cash Timmons receives is equal to the...
Describe a group you belong or have belonged discuss the stages of group development and suggest how to improve the group effectiveness by using the group development model.
Describe the three influence types from the Thamhain and Wilemon study found to offer the project manager the best chance for success and the types which may cause the opposite affect.
Discuss what is meant by the cost of quality or the cost of not producing a quality product.
Differentiate between open systems and closed systems. Why is this difference significant to a project manager?
The treatment of outflows on account of dividend and interest is highly debatable as to their activity classification. Give a serious thought to the issue and express your opinion about the best...
Consider the same setting as Problem 18, but suppose instead 80% of the shareholders redeem their shares, and no warrants are exercised. Data from problem 18 a. What is the amount of cash per share...
Reliance Industries Ltd. is the biggest private sector company in India. The following fact sheet about the company and its peer group, as extracted from Capitaline Plus database is reproduced in the...

Explain the difference between demographics and psychographics. Why is this information important to retailers?

Question:

Expert Answer:

Demographics and psychographics are both valuable tools for understanding consumer behavior but they focus on different aspects of the consumer popula... View the full answer

Methods of IT Project Management

Students also viewed these marketing questions