The focus on a well-defined target market typically reduces cost efficiency of the company.

Name: The focus on a well-defined target market typically reduces cost efficiency of the company.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Focusing on a well-defined target market can actually increase cost efficiency as marketing efforts and resources are directed towards a specific group of consumers who are more likely to be interested in the product or service, resulting in a higher return on investment.

The Focus on a Well-Defined Target Market Typically Reduces Cost