MANAGEMENT

Detailed explanation-1: -Some common considerations include demographic information such as age, gender, income level, occupation, and location. In addition to demographics, psychographic factors such as lifestyle preferences and interests may also be taken into account.

Detailed explanation-2: -You can segment your target market using demographics such as age, location, gender, marital or family status, occupation, income level, education level, etc.

Detailed explanation-3: -The common types of target markets are – geographic segmentation (location-based), demographic segmentation (population-based), psychographic segmentation (lifestyle and socio-economic-based), and behavioral segmentation.