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Vlad1618 [11]
3 years ago
14

What is the importance of identifying target markets?​

Business
2 answers:
Darya [45]3 years ago
5 0

Answer:

Identifying a target market allows marketers to focus on those most likely to purchase the product. Limiting the population funnels research and budgets to the customers with the highest profit potential

Diano4ka-milaya [45]3 years ago
5 0
Identifying a target market helps your company develop effective marketing communication strategies. A target market is a set of individuals sharing similar needs or characteristics that your company hopes to serve. These individuals are usually the end users most likely to purchase your product.
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