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Socio-economic characteristics of a population
- Demographics refer to the socio-economic characteristics of a population that businesses use to identify the product preferences and purchasing behaviors of customers. With their target market’s traits, companies can build a profile for their customer base. They can determine their key customers or target market and create marketing materials.
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Jul 31, 2023 · Updated July 31, 2023. Demographics are the characteristics of a population that have been categorized by distinct criteria—such as age, gender and income—as a means to study the attributes of a particular group. The study of demographic data is essential for businesses, organizations and governments to make decisions.
Feb 26, 2024 · Demographics are statistics that describe populations and their characteristics. Demographic analysis is the study of a population-based on factors such as age, race, and sex.
Start Free. Written by CFI Team. What are Demographics? Demographics refer to the socio-economic characteristics of a population that businesses use to identify the product preferences and purchasing behaviors of customers. With their target market’s traits, companies can build a profile for their customer base.
Jul 13, 2020 · Demographics is the collection and analysis of general characteristics about groups of people and populations, such as age, gender, and income. Demographic data is used by businesses to develop marketing strategies and advertising campaigns and for responding to changes in consumer demand.
- Robert Longley
Business: You can use demographic research information to find market opportunities and target specific groups of customers. For example, a company might use demographic data to focus its advertising on a certain age group or income level.
Jan 3, 2023 · January 3, 2023. Ashton Bridges. Read on to learn about demographics, its role in market research, and how brands like yours can leverage this type of data to strengthen connections with customers.