Target Markets


What are target markets? How would you determine the target markets for your new product or service? What are the advantages of developing specific market targets for a small business? What are target markets? Target markets are specific populations that organizations seek to attract to their product. A specific type of market that they assume … Continue reading Target Markets

Refining Broad Markets


How might you refine broad market segments into focused target markets? Discuss at least three ways that you might segment markets when developing your target markets By refining broad market segments we would break them down into different categories. Which is refined into a more focused market that would possibly look like a family tree. … Continue reading Refining Broad Markets

Pricing products in any Market


1) What aspects of the product, company, and market determine the appropriate price of a new product? How would you determine what is most influential in determining the price of your new product or service? Provide an example that illustrates your answer. Some of the aspects that determine the price of a new product within … Continue reading Pricing products in any Market