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A very small goal or objective towardvwhich effort is directive

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Give the definition of target profit pricing?

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


What is the definition of person marketing?

Person Marketing is marketing activity aimed at creating target market awareness, and a favorable opinion, of a particular person.


Are micro and macro marketing interrelated?

Yes, micro and macro marketing are interrelated as they represent different levels of marketing focus. Micro marketing emphasizes individual consumer needs and preferences, tailoring strategies to specific target markets or segments. In contrast, macro marketing examines broader societal trends, economic factors, and cultural influences that affect entire markets. Together, they provide a comprehensive understanding of how to effectively reach consumers while considering larger market dynamics.


When should a company practice micro marketing?

A company should practice micro marketing when it aims to target specific niche markets or segments with tailored products or messaging. This approach is effective when consumer preferences are diverse, and competition is high, allowing for personalized engagement that can enhance customer loyalty. Additionally, micro marketing is beneficial for small businesses looking to maximize their reach within a limited budget by focusing on localized or demographic-specific strategies. Ultimately, it helps in building stronger connections with customers by addressing their unique needs and interests.


What is the definition of concontextual targeting?

Contextual targeting is when you target an individual based on the things that interest them. These usually come from the things a person searches for, then later appear as banner ads or popups on web pages.