INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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appeal to everyone
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sell your products to the masses
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reach your potential customers
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push away unnecessary customers
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Detailed explanation-1: -Identifying a target market allows marketers to focus on those most likely to purchase the product. Limiting the population funnels research and budgets to the customers with the highest profit potential.
Detailed explanation-2: -It involves finding out why customers would buy from you, dividing the market into segments according to demographics and other characteristics, and then finding the most profitable segments to include in your target market. It affords a more effective marketing mix that maximizes your reach and profits.
Detailed explanation-3: -The target audience must have similar needs, interests and expectations. Similar products and brands should entice the individuals comprising the target market. Same taglines and advertisements attract the attention of the target audience and prompt them to buy.
Detailed explanation-4: -Define Your Target Audience. Learn Where Your Target Audience is Active. Target Language in Your Messaging. Use Multiple Social Media Channels. Take Advantage of Referrals.