Choose a product or service that you want to start a business with: ( Explain in details - Please do not Copy and Paste)
1. Classify the market into distinct groups of consumers who differ in their needs and preferences.(Segmentation)
2. Identify one or more market segments for your business to enter. (Targeting)
3. Indicate the distinctive benefit(s) of your company’s market offering for each target segment. (Positioning)
4. Distinguish the key benefit that differentiates your business from its competitors. (Differentiation)