Lifestyle Analysis Paper

210 Words1 Page
1.Lifestyle analysis is a study of what an individual does on a day-to-day basis, their hobbies, activities and other lifestyle preferences (Perreault, 2014). This is important to businesses because they should ensure that the product or products that they are selling are marketed to the people who would buy them. Example if you are selling diamonds you would want to target upper and middle socio economic classes. 2.Expectations are ideas and beliefs that people assume about something, In this case it would be what a consumer expects a certain product to be like (Perreault, 2014). If you are a business owner you want to ensure that peoples expectations are met when they buy your product. 3.Outsourcing is usually when a business contracts
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