385x Filetype PPTX File size 1.61 MB Source: www.txcte.org
Marketing
The action or business of promoting and selling products or services,
including market research and advertising
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Market Segmentation and Target
Market
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Market Research
Helps you to:
> Decide how to segment the
market
> Focus on a target market
> Study the competition
> Understand the market
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Market Segmentation
A subgroup of a larger market
May be segmented by: Children
> Age Teens
> Family size Age
> Income levels Adults
Senior citizen
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Target Market
A good target market is:
> Easy to identify
> Large
> Able to afford your product
> Willing to buy your product
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