Distinguish market market place and target market?

Answer:
To help you defien the two let's use wikipedia:
Wikipedia says" A marketplace is the space, actual, http://wiki.answers.com/wiki/Virtual_(computing) or metaphorical, in which a http://wiki.answers.com/wiki/Market operates. " In application the market place is a generic reference to peopel that might buy that product or service.

Wikipedia says "A target market is a group of customers that the http://wiki.answers.com/wiki/Business has decided to aim its http://wiki.answers.com/wiki/Marketing efforts and ultimately its http://wiki.answers.com/wiki/Merchandise." In application a Target Market is more specific to your business. For example, Kim's Pizza may target college students opposed to Bill's pizza that targets football lovers.
Contributor: Kimberly
First answer by Kimberly Deas. Last edit by Kimberly Deas. Contributor trust: 1 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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