3. It is the selection of potential
customers to whom a business wishes
to sell a product or services.
It is the process of selecting targets
and matching the appropriate response
to them.
4. Target market is a market where a company
wants to sell its products and services to
customers and it includes a targeted set of
customers for whom it directs its market
efforts.
5. The company invests significant amount of time and
capital to monitor its target market.
Not all the products and services are meant for all
types of consumers.
So consumers are often cautious of their spending
powers.
6. On the basis of AGE
On the basis of location
On the basis of LIFESTYLES
On the basis of INCOME
7. On the BASIS OF :-
REGION
CLIMATE
POPULATION DENSITY
POPULATION GROWTH RATE