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... product, and what product features will provide the unique benefits targeted customers want. The pricing strategy determines how much a firm charges for a product. In addition to setting prices for the final consumer, pricing strategies usually establish prices the company will charge to wholesalers ...
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Target market



A target market is a group of customers a business has decided to aim its marketing efforts and ultimately its merchandise towards. A well-defined target market is the first element of a marketing strategy. Product, price, promotion, and place are the four elements of a marketing mix strategy that determine the success of a product or service in the marketplace.
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