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Market segmentation is the process of dividing mass markets into groups with similar needs and wants. [2] The rationale for market segmentation is that in order to achieve competitive advantage and superior performance, firms should: "(1) identify segments of industry demand, (2) target specific segments of demand, and (3) develop specific 'marketing mixes' for each targeted market segment ...
The target audience is the intended audience or readership of a publication, advertisement, or other message catered specifically to the previously intended audience.In marketing and advertising, the target audience is a particular group of consumer within the predetermined target market, identified as the targets or recipients for a particular advertisement or message.
Audience segmentation is widely accepted as a fundamental strategy in communication campaigns to influence health and social change. [4] Audience segmentation makes campaign efforts more effective when messages are tailored to the distinct subgroups and more efficient when the target audience is selected based on their susceptibility and ...
The researchers used the qualitative method of conducting a survey to find the audience of the Algenix, Inc. Web site. Algenix is a biomedical liver disease management company. The study showed that an audience-driven design would do more to reassure the audience that personal information would not be collected without consent as well as ...
Target Market – A specific group of consumers that has been identified to aim its marketing and advertising campaigns towards, as they are the most likely to purchase the particular product. Coverage Consideration – To alter the level of exposure of media to the target market, whilst minimizing the amount of overexposure and saturation into ...
If you haven’t worried about money in a while, you might think your finances are in good shape. But is that true? These 4 questions can be a good start to understanding your financial health.
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Market research is an organized effort to gather information about target markets and customers. It involves understanding who they are and what they need. [ 1 ] It is an important component of business strategy [ 2 ] and a major factor in maintaining competitiveness .