write all three strategies for selecting a target market
Answers
Hey dude,
Target Market Selection Segmentation and Positioning
❦From a high-level, the goal of a marketing strategy is to identify a target market and develop a marketing mix that will appeal to those potential customers.
❦Market segmentation is a two-step process of: naming broad product markets, and segmenting those markets in order to select target markets.
@Rowdy Babe
Answer:
Explanation:
From a high-level, the goal of a marketing strategy is to identify a target market and develop a marketing mix that will appeal to those potential customers. Decisions regarding the ideal marketing mix can be organized in terms of Price, Promotion, Product, and Price. However, the goal is not to just come up with a particular strategy, but rather to focus on providing value to your key market segments. Use Demand Metric’s FREE MARKET SEGMENTATION TOOL to analyze market segment sizes and develop Customer Profiles based on Demographic, Psychographic, and Environmental criterion.
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