Dividing a market into groups based on characteristics is called

Customer Experience Vocab

Flashcard
•
Business
•
9th - 10th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Market Segmentation
2.
FLASHCARD QUESTION
Front
Description of a customer set including demographics, geography, psychographics, and buying patterns.
Back
Customer Profile
3.
FLASHCARD QUESTION
Front
Target market:
Back
Group of customers the business seeks to attract.
4.
FLASHCARD QUESTION
Front
Market research data sources
Back
Both primary and secondary sources.
5.
FLASHCARD QUESTION
Front
Sorting customers by physical and social traits is called ______ segmentation.
Back
demographic
6.
FLASHCARD QUESTION
Front
Observing users in a situation and taking notes
Back
Primary Research
7.
FLASHCARD QUESTION
Front
Conducting surveys/questionnaires
Back
Primary Research
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