ENTREPRENEURSHIP

Detailed explanation-1: -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-2: -The term “target customer” refers to the audience you want to engage with the help of your marketing efforts. These people are most likely to buy your goods or services if they find out about them through one of your marketing efforts.

Detailed explanation-3: -The people you want to reach with your marketing efforts. These are the consumers who will be most interested in your products or services-and most likely to convert from leads into customers.

Detailed explanation-4: -Defined. The group is well defined and there are unique aspects. Accessible. You have the ability to access the market. Fit. Your offer and capabilities are ideally suited to what the target market and its buyers. Predisposed.