Target market

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	'''[[Target market]]''' or target audience is a group of customers that the business has decided to aim its marketing efforts and ultimately its merchandise. A well-defined target market is the first element to a marketing strategy. The target market and the marketing mix variables of product, place (distribution), promotion and price are the two elements of a marketing mix strategy that determine the success of a product in the marketplace.		'''[[Target market]]''' or target audience is a group of customers that the business has decided to aim its marketing efforts and ultimately its merchandise. A well-defined target market is the first element to a marketing strategy. The target market and the marketing mix variables of product, place (distribution), promotion and price are the two elements of a marketing mix strategy that determine the success of a product in the marketplace.
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		+	== Reference ==
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	*Wikipedia ''Target market'' [http://en.wikipedia.org/wiki/Target_market]		*Wikipedia ''Target market'' [http://en.wikipedia.org/wiki/Target_market]

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Revision as of 13:56, 27 July 2010

Target market or target audience is a group of customers that the business has decided to aim its marketing efforts and ultimately its merchandise. A well-defined target market is the first element to a marketing strategy. The target market and the marketing mix variables of product, place (distribution), promotion and price are the two elements of a marketing mix strategy that determine the success of a product in the marketplace.

Reference

• Wikipedia Target market [1]