Demography meaning in business
What do you mean by demography?
Demography is the study of demographics, the social characteristics and statistics of a human population.
This study of the size, age structures, and economics of different populations can be used for a variety of purposes.
Political candidates use the information to inform targeted campaigns..
What does demography mean in sales?
Customer demographics are categories of consumer populations that are useful to a business for purposes, such as marketing and product design.
The term also refers to the study of such categories in a business context.
An endless number of variables can be used to categorize customers and potential customers..
What is meant by demography in business?
Key Takeaways.
Demographic analysis is the collection and analysis of broad characteristics about groups of people and populations.
Demographic data is very useful for businesses to understand how to market to consumers and plan strategically for future trends in consumer demand..
- Local Demographics: What is Demographics
It usually includes categories such as geographic location, age, gender, income, education, family composition, and buying/spending patterns.
This population is also called the 'target market' or 'my consumer'. - The Demographics Definition in Economics
The definition of "demographics" is statistical characteristics of the population used to identify certain groups and markets.
Typically, demographics may refer to gender, race, age, and other identifiers as a way to collect data that can be relevant for a variety of uses.
Demographics refer to the socio-economic characteristics of a population that businesses use to identify the product preferences and purchasing behaviors of customers.
What is business demographic?
Demographics is the practice of identifying groups of people in a population by their characteristics.
It is common for a business to use demographics as a target market and/or target audience.
The following are common types of demographics.
Age such as:
a theater production with a target audience of adults over 40. ×Demography in business is the collection and analysis of data about the socio-economic characteristics of a population. It is used to identify the product preferences and purchasing behaviors of customers. It also helps businesses to develop marketing strategies and advertising campaignsand to respond to changes in consumer demand. Demographic factors that are important for businesses include age, gender, income, education level, and occupation.
Phrase metaphorically asking if something has mainstream appeal
Will it play in Peoria? is an American English figure of speech that is traditionally used to ask whether a given product, person, promotional theme, or event will appeal to mainstream United States audiences or across a broad range of demographic and psychographic groups.
