5.5 Summary
As you would realise by now, target marketing is quite a prevalent practice, particularly among the better marketers. In this chapter we have looked closely at the four related aspects.
- segmenting the market
- selecting the target market strategy
- forecasting the demand
- positioning the product to each segment.
All of these aspects are applicable to the marketing of port and shipping services and are indeed in use. From now on, see if you can spot examples of them in your everyday experience.
In the following chapters, we shall study the marketing mix, which presumes the practice of target marketing.