Target Market

A target market is the market segment which a particular product is marketed to. It is often defined by age, gender and/or socio-economic grouping. Targeting strategy is the selection of the customers you wish to service. The decisions involved in targeting strategy include:
  • how many segments to target
  • which segments to target
  • how many products to offer
  • which products to offer in which segments
There are three steps to targeting: Targeting strategy decisions are influenced by:
  • market maturity
  • diversity of buyers needs and preferences
  • the company's size
  • strength of the competition
  • the volume of sales required for profitability
Targeting can be selective (eg.: focus strategy, market specialization strategy or niche strategy), or extensive (eg.: full coverage, mass marketing, or product specialization). see also: marketing, market segment, positioning, Crossing the Chasm

 

<< PreviousWord BrowserNext >>
manville, new jersey
millstone, new jersey
montgomery township, new jersey
north plainfield, new jersey
peapack gladstone, new jersey
raritan, new jersey
rocky hill, new jersey
somerset, new jersey
somerville, new jersey
south bound brook, new jersey
warren township, new jersey
bootsy collins
watchung, new jersey
bootsy's rubber string band
andover, new jersey
andover township, new jersey
branchville, new jersey
byram township, new jersey
crandon lakes, new jersey
frankford township, new jersey
franklin, new jersey
fredon township, new jersey
green township, new jersey
hamburg, new jersey
john cavendish
battersea power station
hugh the great
mitford family
hampton township, new jersey
hardyston township, new jersey
highland lakes, new jersey
hopatcong, new jersey
lafayette township, new jersey
lake mohawk, new jersey
montague township, new jersey
newton, new jersey
ogdensburg, new jersey
sandyston township, new jersey
sparta township, new jersey
stanhope, new jersey
stillwater township, new jersey
sussex, new jersey
vernon township, new jersey
binding energy