MANAGEMENT

Detailed explanation-1: -Why have a target market? For your business to thrive you need to know who your customer is. Knowing your customers will help you to target customers who are willing to pay for your product or service. This is a much more effective and affordable way to reach your customers and generate business.

Detailed explanation-2: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ” or the combined tools and methodologies used by marketers to achieve their marketing objectives.

Detailed explanation-3: -what should marketing begin with? marketing should begin with potential customer needs-not with the production process. marketing should try to anticipate needs. And then marketing, rather than production, should determine what goods and services are to be developed.

Detailed explanation-4: -A marketer is a person who promotes an organization’s products and services. They figure out the strategies that can boost sales and revenue while ensuring these strategies are aligned with the needs of the customers as well as the market demand.