When Mikayla decided to open a café, she had to decide how m…

When Mikayla decided to open a café, she had to decide how much seating she should have in her café so she could rent a large enough space. In order to figure this out, she had to estimate the demand she might have, that is, how many customers she would likely have based on her products and location. Mikayla was:

Marketing is one of the largest expenses for a company. Ther…

Marketing is one of the largest expenses for a company. Therefore, marketers often seek specific subsets of the overall market that have common characteristics that influence buying decisions rather than marketing to ‘everyone’. This strategy is known as ____________.