ENTREPRENEURSHIP

Detailed explanation-1: -Penetrated Market is a set of customers or clients who are already using a particular product or service. Available market refers to a group of potential customers to whom a company wants to sell its products and services. Target market users are people who have not yet purchased your product but are considering it.

Detailed explanation-2: -A target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company’s product or service. Identifying the target market is important in the development and implementation of a successful marketing plan for any new product.

Detailed explanation-3: -Existing customers: People who have already purchased your product.

Detailed explanation-4: -A consumer market allows individuals to purchase products and services. As consumers usually make purchases for their consumption in this market, they have a high decision-making power.

Detailed explanation-5: -A target market is a group of potential customers that you identify to sell products or services to.