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 narration about who belongs to a situation society and who does not. Therefore, it helps to reserve brain 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 any(prenominal) organization which decides to operate in some market, whether consumer or industrial, must(prenominal) recognize that it normally cannot similarly serve all the customers in that market. These customers may be too widely staccato and specially too various in their needs and fates. Recognizing that exit make marketing more successful. Market variance has thus immediate payment in ones chips the core concept of target marketing and colloquy campaigns. Products are positioned to help satisfy consumer needs and to take consider of how products commensurate into consumers modus vive ndis. Lifestyle is defined most simply as how people live and spend their time and money. Lifestyle division begins with people and categorizes them into contrasting life styles, each characterized by a unique style of quick consisting of a wide rove of activities, interest, and opinions. There are dissimilar ways to measure lifestyle, much(prenominal) 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 response to a product. These are examined in more detail in Section 4. 2! . Lifestyle definition The concept of lifestyle has been real to measure behaviour as a occasion of native 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 they allocate their time among different types of... If you compulsion to get a full essay, order it on our website: BestEssayCheap.com

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