Question: Can you answer these 6 questions below? Please take your time to do it. No rush! 1. What is a market? What are the requirements

Can you answer these 6 questions below? Please take your time to do it. No rush!

1. What is a market? What are the requirements for a market? 2. In your local area, identify a group of people with unsatisfied product needs who represent a market. Could this market be reached by a business organization? Why or why not? 3. Outline the five major steps in the target market selection process. 4. Define geodemographic segmentation. Identify several types of firms that might employ this type of market segmentation, and explain why. 5. What is a market segment profile? Why is it an important step in the target market selection process? 6. Describe the important factors that marketers should analyze to evaluate market segments

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