What are the 4 P's of marketing?
Product, price, place, promotion
a specific group of consumers most likely to purchase a
company’s products or services, identified through market research and segmentation.
Target Market
common business model where businesses sell products
or services to solve problems for other companies.
B2B
Consumer solution
Cost
Communication
Convenience
The 4Cs
sells products and services directly to consumers.
B2C
marketing strategy is that targets only one or a few very defined and specific segments of the consumer population
niche markeing
determining which segments are most likely to become customers and directing marketing efforts to best to satisfy them
Targeting
marketing strategy is where the company decides to provide separate offerings to each different market segment that it targets
Differentiated marketing
the process of dividing potential customers into groups to better understand them
Segmentation