MANAGEMENT

Detailed explanation-1: -A target market is a clearly identified segment of the market to which a business wishes to appeal. Q. Each target market requires a unique marketing mix that responds to the differences among the target markets.

Detailed explanation-2: -A target market is the group of people most likely to purchase a specific product or service. It’s important for businesses to understand their target market, because members of this group are most likely to buy and recommend their products, improving the number of sales.

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: -What is target market segmentation? Target market segmentation is the process of dividing your target market into smaller, more specific groups. It allows you to create a more relevant marketing message for each group. Remember-you can’t be all things to all people.

Detailed explanation-5: -Target marketing is a marketing strategy that breaks a market into segments and then concentrates your marketing efforts on one or a few key segments consisting of the customers whose needs and desires most closely match your product or service offerings.