Each company must divide up the total market, choose the best segments, and design strategies for profitably serving chosen segments. this process involves market segmentation, differentiation, and positioning. marketing implementation market targeting price discrimination market diversification supply-chain analysis

The correct choice from the given options is "market targeting".

When we have segmented the market, by isolating it up into little sections. Presently, we should focus on those segments we can serve most proficiently and successfully: Market Targeting. This is the second step of setting up a showcasing technique.  

In surveying market segments, a firm ought to think about three factors. These are:  

The segment size and growth

The segment structural attractiveness

The company objectives and resources.  

With a specific end goal to assess segments, the organization needs to gather and break down significant information first. This information may incorporate data on current portion deals, development rates and foreseen profitability of segments.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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