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- A target market refers to a specific group of people who are most likely to buy a company's products or services1234. It is important for developing successful marketing strategies.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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.www.investopedia.com/terms/t/target-market.aspA 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 customers and craft marketing strategies that help them meet their business and marketing objectives.www.coursera.org/articles/target-marketA target market is the specific group of people most likely to buy your products or services. They’re the people you should be laser focused on attracting—the type of people who return again, recommend you to their friends, and rave about you on social media.www.shopify.com/blog/target-marketA target market is a group of people who are most likely to buy from your business and who your products or services are meant for.localiq.com/blog/target-market-examples/
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WEBApr 22, 2024 · A target market defines a product as well as vice versa. Once a target market is identified, it can influence a product's design, packaging, price, promotion, and distribution.
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