Business 9609 · AS & A Level · The nature of marketing

The nature of marketing — practice question

(a)[2]

Define psychographic market segmentation.

(b)[3]

Explain one factor that could affect the demand for a product.

Worked solution & mark scheme

This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: Clear definition: segmentation of the market into sub-groups of consumers using psychographic criteria such as lifestyles, personalities, values, social class, attitudes, beliefs, interests, opinions and spending habits.

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