Using marketing research to select new target markets not only involves determining the size of various market segments,but also determining if the market segment is growing or shrinking.

Question

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Marketing research plays an important role in selecting new target markets by not only determining the size of different market segments but also by identifying whether a particular segment is growing or declining. This information helps businesses in decision-making and strategizing their marketing efforts to effectively target and reach potential customers.

Using Marketing Research to Select New Target Markets Not Only