Target Market Identification & Development

Topics:
Competitive Strategy
Tags:
Branding,
Identification,
Marketing,
Marketing Research,
University Of Tennessee
Source:
University of Tennessee

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Overview: Market segmentation is the process of dividing the market into similar groups according to the characteristics intended for the product at hand. Targeting is the process of selecting the most lucrative market segments for marketing the product. Positioning involves the formulation of a definitive marketing strategy around which the product at hand would be finally marketed amongst the target audience. Identification of the ‘target’ market entails several factors and issues. They include segment size and growth and business objectives. The paper examines issues involved in identifying and developing ‘target’ markets.

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Format: PDF | Size: 67KB | Date: Jan 2003 | Pages: 10


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