The more precisely defined the target market is, the easier the numbers are to estimate.
Further Explanation:
Market:
Market is the place in which all the goods are sold. The producer sold the goods in the market to reap the profits in the long run.
Target market:
The target market refers to a type of market in which the company targets a particular number of customers. For example, the company produced jeans for only males and for only a particular geographical area person who belongs to posh society. This is an example of a target market. the company should define the target market in a precise manner. So that the easier the numbers are to estimate. The company can easily estimate the number of products needed and all other estimation.
If the target market is defined comprehensively, then the number of an estimate is longer. In this case, the target market is defined precisely. The number of the estimate cannot be shorter, it depends on the number of units produced. If the target market is defined comprehensively, then the number of an estimate is harder. If the target market is defined precisely, then the number of an estimate is easier. This option is correct.
Learn more:
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Answer details:
Grade: Middle School
Subject: Marketing Management
Chapter: Target Market
Keywords: precisely defined, target market, the easier, numbers are, estimate, longer, targets, particular number, of persons, belongs, to posh, society.
