Why is finding the right target market is important. What would happen if a business failed to identify the correct target market?(1 point)

Question

Responses

they would have super successful sales and profits
they would have super successful sales and profits

they would have no success selling, making profits or creating awareness of their business
they would have no success selling, making profits or creating awareness of their business

none of these
none of these

they don't need to find their target market, they will find them automatically

Answer 1

The correct response is:

they would have no success selling, making profits or creating awareness of their business.

Identifying the right target market is crucial because it allows a business to tailor its marketing efforts, products, and services to meet the specific needs and preferences of that audience. Failing to do so can lead to wasted resources, ineffective marketing strategies, and ultimately, poor sales and low brand awareness.