What type of segmentation divides the market based on age, gender, income, and education?

Demographic segmentation is the correct choice because it focuses on quantifiable characteristics of a population. This type of segmentation includes factors such as age, gender, income, and education level, which are all aspects that can help marketers to categorize individuals into different groups. Understanding these demographic variables enables businesses to tailor their marketing strategies and product offerings to meet the specific needs and preferences of different segments within the market.

For instance, a company might market high-end electronics differently to individuals in higher income brackets compared to those with lower incomes. Similarly, products may be advertised in ways that appeal to specific age groups or genders, as these demographics can significantly influence buying behavior. This method of segmentation allows for targeted marketing efforts that can lead to higher engagement and sales.

In contrast, psychographic segmentation would focus on lifestyle, values, and personality traits, which are more subjective than the factual data used in demographic segmentation. Geographic segmentation considers the location of consumers, and behavioral segmentation is based on consumer behavior patterns, such as purchasing habits and brand loyalty. Each of these approaches has its merits, but when it comes to dividing the market specifically on the basis of age, gender, income, and education, demographic segmentation is the most suitable method.