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Business, 20.11.2020 17:10 LindaCat78

A company carefully defines its target market. Now the company will be able to focus on people with a preexisting need or interest in what it offers. Therefore resulting in higher sales and less wasted time and effort on potential customers that are not interested in what the company has to offer. This is an example of:.a. why a company would seek to define its target market a a component in creating the company's marketing strategy. b. why the marketing strategy defines the target market for a company.
c. why it is important for companies to develop their value proposition.
d. why carefully choosing customers is important when engaging in product development.

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