What is the definition of a target market?
Target Market means the main focus of your effort of your work with either a type of customer or area to pursue business.
As the name implies, a target market is a market targeted by a company. in other words, suppose that you work for a company that sells cars. This company will not add any yellow rubber duck in the car it sells, since the tarket market for these cards is +18: People who are not interested in kid's toys.
The best way to market a company is to find out who is your target market. A target market is a group of customers that need your product or services. To find your target market, requires researching. My suggestion is to find your local library and do some research on target marketing. Look under the business section for marketing.
Target-Profit-Pricing Target-profit-pricing method involves identifying the price at which a product will be competitive in the marketplace, defining the desired profit to be made on the product, and computing the target cost for the product by subtracting the desired profit from the competitive market price Jason