Think of an idea for a new product or service. who would be the target market(s), and how would you position your offering?

Explanation:

Targeting in marketing is a strategy that breaks a large market into smaller segments to concentrate on a specific group of customers within the audience. It defines the segments of customers based on their unique characteristics and focusing on serving them.  

Instead, to reach the entire market, a brand used the market to put its energies into connection with the specifically defined group within the market.  

It is so important in many position offering and segments:

The invisible hand

Explanation:

The invisible hand is a concept by Englishman Adam Smith as he argues that free markets are the main cause of welfare among the nations he observes as rich. He states that the decisions are taken under competition and the free market will be motivated by self-interest and will ultimately promote social interest . When industries and consumers and producers want to maximize their profits they will inevitably improve the society-s general well being.