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What is a target market?
What is a target market?
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Practice Questions
1 question
Q1
What is a target market?
The entire market for a product
A specific group of consumers a business aims to reach
The competitors in the market
The suppliers of the product
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A target market is a specific group of consumers that a business aims to reach with its products or services.
Questions & Step-by-step Solutions
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Q
Q: What is a target market?
Solution:
A target market is a specific group of consumers that a business aims to reach with its products or services.
Steps: 5
Show Steps
Step 1: Understand that a business creates products or services.
Step 2: Recognize that not everyone will want to buy these products or services.
Step 3: Identify a specific group of people who are most likely to be interested in what the business offers.
Step 4: This specific group of people is called the 'target market.'
Step 5: The target market helps the business focus its marketing efforts to reach the right customers.
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