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Question

Identify an example of demographic segmentation.

O A retail chain segments its markets based on psychographics.

© A retail chain segments its markets based on the beliefs and values of custome

O A retail chain segments its markets based on the earning potential of customer:

© A retail chain segments its markets based on the favorite colors of customers.

Answer

A retail chain segments its markets based on the earning potential of customers.

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Demographic segmentation is a marketing strategy that involves dividing a target market into distinct groups based on demographic characteristics such as age, gender, income, occupation...