Critically evaluate the use of lifestyle analysis in consumer marketing

1. Introduction Lifestyle is much more than just how a person chooses to send packing his or her money. It is a rumor about who belongs to a situation society and who does not. Therefore, it helps to muddle intelligence of what pack do, why they do it, and what doing it means to them and others. This all(a)ows marketers to obtain a cle atomic number 18r view about consumers, so all organization which decides to operate in some market, whether consumer or industrial, mustiness recognize that it normally cannot similarly serve all the customers in that market. These customers may be too widely staccato and particularly too various in their needs and fates. Recognizing that exit make marketing more successful. Market variance has thus change in ones chips the core concept of target marketing and intercourse campaigns. Products are positioned to help satisfy consumer needs and to take theme of how products commensurate into consumers modus vivendis. Lifestyle is define d most simply as how people live and spend their time and money. Lifestyle variance begins with people and categorizes them into contrasting life styles, each characterized by a unique style of quick consisting of a wide cranial orbit of activities, interest, and opinions. There are dissimilar ways to measure life-style, such as geographic segmentation; demographic segmentation by age, income, occupation, etc.; psychographic segmentation on the bag of consumer lifestyle; and behavioural segmentation according to differences in knowledge, placement or solvent to a product. These are examined in more detail in Section 4. 2. Lifestyle definition The concept of lifestyle has been genuine to measure behaviour as a occasion of inhering individual characteristics that have been shaped through the friendly fundamental interaction of psychological and sociological factors and past experience. Another definition of lifestyle is how people live, spend their money, and how the y allocate their time among different types ! of... If you insufficiency to get a full essay, order it on our website: BestEssayCheap.com

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