Markaðsskilgreiningu
Markaðsskilgreiningu, also known as market definition, is a critical concept in economics and business strategy that refers to the process of identifying and delineating the boundaries of a specific market. This involves determining the target customer base, the products or services offered, and the geographical area in which the business operates. A well-defined market allows companies to focus their resources effectively, tailor their marketing strategies, and compete more effectively within that market.
The process of market definition typically begins with a thorough analysis of the industry and market trends.
Once the market is defined, businesses can develop targeted marketing and sales strategies. This may involve
In summary, market definition is a foundational step in business planning that helps companies identify their