Question

for a business entering a market where large segments of the market are targeted by multiple firms, the best strategy for this business is to target a large share of a small market segment with a unique product. this is known as

Answer 1

For a business entering a market where large segments of the market are targeted by multiple firms, the best strategy for this business is to target a large share of a small market segment with a unique product. this is known as niche marketing.

Marketing is the procedure of having human beings interested in your corporation's services or products. This occurs via marketplace studies, analysis, and knowledge your best purchaser's interests. advertising pertains to all components of a commercial enterprise, which includes product development, distribution strategies, sales, and advertising.

Marketing refers to activities a enterprise undertakes to promote the buying or selling of a services or products. advertising includes advertising and marketing, promoting, and turning in merchandise to purchasers or different businesses. a few advertising is performed with the aid of associates on behalf of a employer.

The importance of marketing for your enterprise is that it makes the customers aware of your services or products, engages them, and facilitates them make the shopping for decision. moreover, a advertising plan, part of your business plan allows in growing and keeping demand, relevance, recognition, competition, etc.

Learn more about marketing here :  https://brainly.com/question/25754149

#SPJ4