Social Studies, 25.09.2019 21:10 jmcartwright00

What is a target market and why is important to identify one?

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Answer from: hiji0206

a target market refers to the group of individuals or potential consumers that a company expects that they will buy the product that it's selling. A target market varies based on the place , the way of life and behavioural ways of people .

Explanation:

Why is it important?

A company needs to know whom they are going to be selling their product to and who is very likely to buy it ,these are the people who are likely to help the business grow as they buy the product and they are very likely to maintain their loyalty to that particular product.

A business relies on customers and how they buy the product and their constant loyalty.

the company needs to establish those customers who are their target market because it would help them grow the business.

Answer from: Quest

the correct answer is ) possibility.

demonstrating opportunity cost is done through production possibility.

the opportunity cost can be demonstrated using the production possibility frontier or curve. this graphic shows the total number of possibilities for two products when we have the resources needed and used in an efficient manner. the main resources could be money, labor, and technology. the curve shows that the production of one good increases when the production of the othe

Answer from: Quest

the correct answer is modern american cars are not available due to trade restrictions.

trade between cuba and the united states have serious restrictions. the u.s. imposed an economic embargo on cuba, that among other things means that modern american cars are not available due to trade restrictions.

in response to some governmental actions of the authorities from cuba, president john f. kennedy proclaimed an embargo on trade between both countries in february 1962. the trade embargo remains active until this day and was implemented directly by the departments of commerce and the department of treasury.

in president trump’s administration, there is a national security presidential memorandum that "strengthens the policy of the u. s.", affecting trade with cuba.

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