3rd December 2019


What is a target analysis?

Target analysis is an examination of potential targets to determine military importance, priority of attack, and weapons required to obtain a desired level of damage or casualties.

Besides, what should be included in a market analysis?

Part 2 Drafting Your Market Analysis
  1. Identify your audience.
  2. Define your target consumers.
  3. Explain what market need you satisfy.
  4. Analyze the industry.
  5. Identify market trends.
  6. Provide a competitive analysis.
  7. Draft a short summary of the market analysis.
  8. Adjust the other sections of your business plan.

How do you identify your target market?

Here are some tips to help you define your target market.
  1. Look at your current customer base.
  2. Check out your competition.
  3. Analyze your product/service.
  4. Choose specific demographics to target.
  5. Consider the psychographics of your target.
  6. Evaluate your decision.
  7. Additional resources.

What is the purpose of a target market?

A target market is the market a company wants to sell its products and services to, and it includes a targeted set of customers for whom it directs its marketing efforts. Identifying the target market is an essential step in the development of a marketing plan.
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