MANAGEMENT

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: -Market segmentation is a marketing term that refers to aggregating prospective buyers into groups or segments with common needs and who respond similarly to a marketing action.

Detailed explanation-3: -A target market is the ideal group of prospective customers for a specific product or service who share common characteristics that influence their buying behaviors.

Detailed explanation-4: -Organizational market is another name; the group of customers that include manufacturers, wholesalers, retailers, and other organizations. The marketing of goods and services that businesses and other organizations buy for purposes other than personal consumption.

Detailed explanation-5: -A market segment is represented by a group of consumers who have similar needs and wants. Accordingly, companies should focus on the industry that they have the greatest chance of satisfying.