Please follow the instructions below. 1. Why is a clearly defined target market

Please follow the instructions below.
1. Why is a clearly defined target market important in marketing plans?
2. Thinking about the product you selected in your first assignment, what stage is your product in the product life cycle?
Why is it important to understand the various stages? What should be the marketing focus at this stage?
Start your post with an intro of the various stages, then dive into your selected product.
Be sure to remind us what your product is!
3. Target Markets, Product, Price & Promotion
Attached:
Excel Spreadsheet with results (note: use September 2021 worksheet for review. Other class data from prior years included too if you’re curious.)
PDF document around “would you try new flavors.”
In your review of these two documents, submit your post to include some of the following or any other observations you have on how Marketing can use this data.
How can this data help determine the target market and segments for a yogurt company?
Why is this information important when putting together a Marketing Plan?
Of those on the list, and with the limited data provide, select those that would be your ‘best customer’ (and why)
Why does marketing need to know where you shop?
With the data, can you determine a good Promotional tactic? How would you advertise to this group?
What other questions/data would be beneficial to the marketing team?
Take a look at the “new flavors” document – are you now willing to try these?