question 21 2 pts which statement is true about income segmentation? it is time consuming to study consumers…

question 21 2 pts which statement is true about income segmentation? it is time consuming to study consumers buying habits based on their income. there is a direct correlation between income and price preferences. it is based on a very quantifiable geographic variable. marketers seldom use income as a segmenting approach. it is usually analyzed in incremental ranges.

question 21 2 pts which statement is true about income segmentation? it is time consuming to study consumers buying habits based on their income. there is a direct correlation between income and price preferences. it is based on a very quantifiable geographic variable. marketers seldom use income as a segmenting approach. it is usually analyzed in incremental ranges.

Answer

Brief Explanations:

Income segmentation divides consumers into groups based on income levels. It is typically analyzed in ranges like low - income, middle - income, and high - income. Studying buying habits based on income isn't overly time - consuming. There isn't a strict direct correlation between income and price preferences as other factors like values and lifestyle also play a role. Income is not a geographic variable. Marketers frequently use income as a segmentation approach.

Answer:

It is usually analyzed in incremental ranges.