Within a Business Model,customers Refer to ______

question 1

Multiple Choice

Within a business model,customers refer to ______.

• A)people who express loyalty to your brand
• B)people who have purchased your product or service
• C)the people who populate the segments of the market your offering intends to serve
• D)the people in the geographic reach of the business

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Definitions:

Target Audience

refers to a specific group of consumers identified as the intended recipients of a product, service, or marketing campaign.

Wasted Coverage

Marketing or advertising efforts that reach a large number of individuals who are not potential customers, leading to inefficient use of resources.

Nonpersonal Communication

Messages conveyed through mass media that are not directed at specific individuals but are intended to reach a wide audience.

Identified Sponsor

A person or organization that is publicly recognized as providing financial support or backing for an event, program, or project.