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alexdok [17]
3 years ago
6

The manufacturer Mike and Ike, the fruit-flavored chewy candies, has changed its packaging and developed contests all geared to

12- to 17-year-olds. What type of market segmentation identifies its market
Business
1 answer:
goldenfox [79]3 years ago
5 0

Answer:

Demographic

Explanation:

A market is segmented so as to narrow down a large market into a narrow base, or a target market. This helps the organization to be better focused on providing its services to these target groups of people. A market can be segmented on the basis of demography, psychography, behavior, and geography. Demography deals more with statistical data of the population being studied and would typically include; age, gender, race, income levels, etc.

So, when the manufacturer Mike and Ike changes its packaging and developed contests all geared to 12-17-years-old, he has segmented the market according to demography and age.

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Giving the following information:

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