200x Filetype PPTX File size 1.61 MB Source: www.txcte.org
Marketing The action or business of promoting and selling products or services, including market research and advertising Copyright © Texas Education Agency, 2017. All rights reserved. 2 Market Segmentation and Target Market Copyright © Texas Education Agency, 2017. All rights reserved. 3 Market Research Helps you to: > Decide how to segment the market > Focus on a target market > Study the competition > Understand the market Copyright © Texas Education Agency, 2017. All rights reserved. 4 Market Segmentation A subgroup of a larger market May be segmented by: Children > Age Teens > Family size Age > Income levels Adults Senior citizen Copyright © Texas Education Agency, 2017. All rights reserved. 5 Target Market A good target market is: > Easy to identify > Large > Able to afford your product > Willing to buy your product Copyright © Texas Education Agency, 2017. All rights reserved. 6
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