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Key Takeaways
- A target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service.
- Identifying the target market is important in the development and implementation of a successful marketing plan for any new product.
- The target market also can inform a product's specifications, packaging, and distribution.
www.investopedia.com/terms/t/target-market.asp- People also ask
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WEBApr 22, 2024 · A target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service....
WEBMar 5, 2024 · A target market is a specific group of people with shared characteristics that a business markets its products or services to. Companies use target markets to thoroughly understand their potential …
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WEBMay 8, 2023 · A target market is a specific group of consumers who might be interested in a business’s products or services. A target market is a subgroup within the total market for a product or service.
What is a target market and how to define yours
WEBDec 7, 2023 · BUSINESS STRATEGIES. What is a target market and how to define yours. Rebecca Strehlow. Dec 7, 2023. 11 min read. One of the first steps in starting a business is determining your target market. This …
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