massemarkeder
Mass markets, or massemarkeder, refer to large consumer markets in which products and services are designed to appeal to a broad section of the population. They rely on standardized offerings, high-volume production, and extensive distribution, with price and convenience often playing key roles. In contrast to niche markets, mass markets aim for universal appeal rather than specialized segments.
Historically, mass markets emerged with industrialization and mass production, enabling firms to lower costs and reach
Characteristics of mass markets include standardized products with limited differentiation, broad geographic reach, large production scale,
Marketing approaches in mass markets typically focus on core features that appeal to wide audiences, with pricing
Challenges facing mass markets include market saturation and price erosion that can compress margins, as well