Think of an idea for a new product or service. who would be the target market(s), and how would you position your offering?

Explanation:

Targeting in marketing is a strategy that breaks a large market into smaller segments to concentrate on a specific group of customers within the audience. It defines the segments of customers based on their unique characteristics and focusing on serving them.  

Instead, to reach the entire market, a brand used the market to put its energies into connection with the specifically defined group within the market.  

It is so important in many position offering and segments:

uhh idk for sure but i think it makes it difficult to pump the oil through the oil rigs