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Demographics can be called a science, and demographic marketers can be called scientists. A demographic is used to describe individuals who are from a particular area. It can also be used to describe individuals who would rely on purchasing a particular product or service. Using demographics, a marketing manager can try to grasp what certain ...
A demographic profile is a form of demographic analysis in which information is gathered about a group to better understand the group's composition or behaviors for the purpose of providing more relevant services. In business, a demographic profile is usually used to increase marketing efficiency.
Demography is a leading journal on issues related to population and demographic trends [11] and research published in Demography has been cited in The New York Times. [ 12 ] [ 13 ] According to the Journal Citation Reports , the journal has a 2020 impact factor of 3.984.
Francese's weekly column on demographic trends, "People Patterns", was syndicated in 50 newspapers and subsequently appeared monthly in The Wall Street Journal. He has authored several books on how to effectively target consumer markets, including: Capturing Customers (1991); Marketing Know-How (1996); Marketing Insights to Help Your Business ...
The first issue of the Journal of Demographic Economics appeared in March 2015, but its history can go back as far as 1928. Journal of Demographic Economics was born after the Institute of Economic and Social Research decided to transform its publication Recherches Économiques de Louvain – Louvain Economic Review into an international journal focusing on demographic economics.
Market segmentation is the process of dividing mass markets into groups with similar needs and wants. [2] The rationale for market segmentation is that in order to achieve competitive advantage and superior performance, firms should: "(1) identify segments of industry demand, (2) target specific segments of demand, and (3) develop specific 'marketing mixes' for each targeted market segment ...
Demographic economics or population economics is the application of economic analysis to demography, the study of human populations, including size, growth, density, distribution, and vital statistics.
The marketing mix is the combination of all of the factors at the command of a marketing manager to satisfy the target market. [21] The elements of the marketing mix are: Product – the item or service that is being offered, through its features and consumer benefits and how it is positioned within the marketplace whether it be a high or low ...