ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Place where buyers and sellers meet
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Set of consumers a product is aimed at
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Set of companies selling the same product
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Concept in financial feasibility
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Detailed explanation-1: -A target market is a group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, and lifestyle.
Detailed explanation-2: -The term target consumer is defined as the specific group of consumers who are the focus of a company’s advertisements. This focus is communicated through media and the use of television, movies, audio, and print capabilities.
Detailed explanation-3: -Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of market segmentation, but there are also many other strategies you can use, including numerous variations on the four main types. Here are several more methods you may want to look into.