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Distinguish market market place and target market?

Updated: 8/18/2019
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Wiki User

13y ago

Best Answer

To help you defien the two let's use wikipedia:

Wikipedia says" A marketplace is the space, actual, Virtual_(computing) or metaphorical, in which a Marketoperates. " In application the market place is a generic reference to peopel that might buy that product or service.

Wikipedia says "A target market is a group of customers that the Businesshas decided to aim its Marketingefforts and ultimately its Merchandise." In application a Target Market is more specific to your business. For example, Kim's Pizza may target college students opposed to Bill's pizza that targets football lovers.

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Wiki User

13y ago
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Q: Distinguish market market place and target market?
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