Businesses need to direct their product marketing strategies to the individuals most likely to purchase it. Often marketing managers examine potential markets for their possible effects on the firm's sales, costs, and profits. Which of the following is the designation given for the group to which marketing managers direct the focus of their marketing efforts for a product?
a. Potential market
b. Mixed market
c. Target market
d. Market segment
c. Target market
Economics
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What does the short-run Phillips curve indicate about the tradeoff between inflation and unemployment?
What will be an ideal response?
Economics
If the demand for a product decreases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase
Indicate whether the statement is true or false
Economics