Each product or service has a target market that determines its demand.

Name: Each product or service has a target market that determines its demand.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Each product or service is designed and marketed to a specific group of consumers who are most likely to be interested in and willing to buy it. This group is known as the target market. Understanding the target market is essential for any business as it helps them to effectively promote and sell their products or services.

Each Product or Service Has a Target Market That Determines