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BUSINESS GLOSSARY 11

AB
DATA GATHERING:The process of collecting facts and figures
DATA PROCESSING:Handling information, especially facts.
DATABASE:Computerized storage for information and facts.
DATA MININGThe practice of analyzing large databases in order to generate new information.
DEMOGRAPHIC SEGMENTATION:The division of a market on the basis of its physical and social characteristics
DEMOGRAPHICS:The physical and social characteristics of the population
GEOGRAPHIC SEGMENTATION:The division of a market on the basis of where consumers are located.
PSYCHOGRAPHIC SEGMENTATION:The division of a market on the basis of consumers' lifestyles and personalities.


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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