How can businesses better understand the needs of different demographics?
Businesses can conduct surveys, analyze market data, and engage with communities to gather insights.
What methods are most effective for gathering demographic data?
Effective methods include online surveys, focus groups, and social media analytics.
How can this data improve marketing strategies?
Understanding demographics allows businesses to tailor their marketing messages and target specific audiences more effectively.
Can you give examples of companies that successfully used demographic data?
Sure! Companies like Nike and Coca-Cola have successfully tailored their products and marketing based on demographic insights.
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