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15
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What are the four elements of the marketing mix?
The four elements of the marketing mix are product, price, place (distribution), and promotion.
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15
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Can a target market change over time? If so, how?
Yes, a target market can change over time due to shifts in consumer preferences, market trends, or changes in the product or service itself.
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thief
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25
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fairy
Take points!
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fairy
Take points!
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thief
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15
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What is a target market?
A target market is a specific group of potential customers that a business aims to reach with its products or services.
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15
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Name a product that is typically marketed to a mass audience.
A product like bottled water is typically marketed to a mass audience because it is a basic necessity that appeals to a wide range of people.
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Give an example of a product and its corresponding target market.
An example of a product and its corresponding target market could be luxury sports cars targeti individuals who appreciate high-performance vehicles.
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What are some disadvantages of targeting a mass market?
Disadvantages of targeting a mass market include intense competition and the challenge of meeting diverse consumer preferences.
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banana
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star
Double points!
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shark
Other team loses 5 points!
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thief
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15
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Why is it important for businesses to identify their target market?
to tailor their marketing efforts and messages to the needs and preferences of that specific group.
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banana
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magnet
Take 15 points!
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gift
Win 20 points!
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baam
Lose 10 points!
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