Explain in detail the concept of sociodemographics?
In very brief - The combination of social and demographic factor is called as socio-demographics.
The term "socio-demographic" refers to a group defined by its sociological and demographic characteristics.
In simple words, it looks at the life around individuals and characteristics such as age, gender,sexual orientation, race, religion, income, marital status, birth rate, death rate, average size of family, heritage, education, medical history. It is basically a grouping of people by those characteristics.
Socio-demographic groups are used for analyses in the social sciences. Or for marketing and medical studies.
For example:
Socio demographic studies help companies establish which groups/areas could be more inclined to buy their product.
Let say we have skin care products to sell, you will want to know what type of products is the population in the targeted area interested in. Like women with different age group have different skin care requirement.
Explain in detail the concept of vertical integration and how firms use this in organizations
Explain in detail and in your own words, the concept of a sampling distribution and how this concept is used in testing significant differences between two population means when the standard deviations of the population are known and then unknown.
please explain in detail the Theoretical concept(s) that Durkheim, Gerth, Mills created.
• Is Utility & satisfaction are same concept. Explain in your answer in detail with your own example. • Prices can shift supply of a product Explain your answer with yes or no with explanation. Best of Luck
International Marketing Management Explain the concept of economic development. Define and detail the aggregates used for measurement (what the calculation entices). Provide examples of countries that experienced economic development in the last 20 years. What were the drivers?
Explain entire concept of Correlation coefficient using 5 real life situations which explains the concept of correlation coefficient in detail.
Describe in great detail how turning on your ceiling fan represents the concept of rotational motion and/or torque.
Please answer detail and thorough. How would you explain the concept of supply chain management to your children? They are 8 and 10 years old. Provide an example that they would understand. You are the supply chain manager at the Los Arms Hotel. During an accreditation review by the AAA, you are asked how you select suppliers and measure supplier performance. As you begin to take out your performance charts, the lead examiner tells you to put them away and...
Explain fully the concept of “Twin Deficits” and use this concept to explain why the cause of the US trade deficit with China is largely due to American wars across the globe.
Explain in detail governance, corporate governance and information security governance and their outcomes. Explain in detail governance, corporate governance and information security governance and their outcomes. (40 marks)