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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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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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WEBJan 6, 2023 · A target market is who your products or services are meant for, as we outlined, while a target audience is who you’re trying to reach with your marketing or advertising. Your target audience might be …
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.
WEBAug 8, 2022 · A target market is a group of customers for which your products and services are aimed. First defined by an industry (i.e., healthcare, travel, technology, etc.), it represents a specific subset of the …
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