Answer :
A target market is a collection of individuals or organizations for whom a company creates, develops, and maintains a marketing strategy to match their demands, resulting in mutually beneficial exchanges.
What exactly is meant by the target market?
A target audience is a group of prospective clients to whom you intend to sell goods or services. Each group is subdivided into smaller sections. Age, geography, income, and lifestyle are commonly used to categorize segments.
What is the significance of a target market?
Defining a target market helps advertisers should focus on those who are most likely to buy the goods. By reducing the population, research as well as resources are focused on the clients with the most profit potential.
Who and why will constitute your target market?
Your target audience is the exact set of consumers who are most likely to really want your product or service, therefore they are the ones who should see your advertising efforts. Age, gender, wealth, location, interests, and a variety of other criteria can all influence the target audience.
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I understand that the question you are looking for is:
___________a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the need of that group, resulting in mutually satisfying exchanges
