Demographic Targeting

Demographic targeting is a marketing strategy that segments audiences according to shared characteristics such as age, gender, income, education, occupation, household size, or location, allowing campaigns to address groups with more relevant messages. Marketers use demographic data to define audience segments, select appropriate channels, tailor creative content, and allocate budgets toward people who match a campaign’s intended profile. This approach can improve message relevance and media efficiency, support customer acquisition and retention, and provide a framework for evaluating responses across groups, although responsible use requires accurate data, privacy safeguards, and attention to potential bias.

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JoVE Business - Accounting

Target Costing

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2026

Target costing is a proactive cost management approach in which the maximum allowable cost of a product is determined during the planning and design stage, before production begins. Unlike traditional costing, which calculates the selling price by adding a markup to production cost, target costing begins with the expected market selling price and the desired profit margin. The difference between these two values establishes the target cost, guiding product development from the outset.The target...

Targeting Strategies

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2024

Targeting strategies in marketing involve selecting specific segments of the market to focus on and directing marketing efforts toward those chosen segments. Three primary targeting strategies are undifferentiated (mass) marketing, differentiated (segmented) marketing, and concentrated (niche) marketing. Undifferentiated marketing: employs a unified marketing mix to target the entire market.This approach assumes that the market has similar needs and preferences, often seen in industries where...

Segmentation, Targeting, Positioning

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2024

Segmentation, Targeting, and Positioning (STP) are fundamental concepts in marketing that help businesses effectively reach and connect with their target audience. Segmentation: entails the subdivision of a broad market into groups characterized by similar traits and needs. This process empowers businesses to customize their marketing strategies for each segment, ensuring a more personalized and efficient approach. Targeting: involves selecting the most viable and attractive segments identified...

Ethics in Target Audience Selection

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2024

Ethics in targeting audiences is a crucial aspect of marketing and business practices. It involves understanding and respecting the rights, interests, and dignity of consumers while conducting any promotional activities or communications. Unethical targeting can lead to exploitation, manipulation, or harm, particularly for vulnerable groups like children, older people, or those with low financial literacy. Ethical targeting respects consumer privacy, avoids intrusive advertising, and ensures...

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