MANAGEMENT

Detailed explanation-1: -A target market is a group of customers that the business has decided to aim its marketing efforts and ultimately its merchandise toward. A well-defined target market is the first element of a marketing strategy.

Detailed explanation-2: -The target market is the specific group of customers (which could be organizations or individual consumers) toward which a firm directs its marketing efforts.

Detailed explanation-3: -A target market is a group of customers within a business’s serviceable available market at which a business aims its marketing efforts and resources. A target market is a subset of the total market for a product or service.

Detailed explanation-4: -The key purpose of marketing is to get people interested in the products or services of a company. This happens through market analysis, research, and contemplating the interest of a business’s ideal customers and attracting them through messaging which would be educational and helpful to a business’s target group.