Market Segmentation and Targeting

Assume a business entity of your choosing is planning to introduce a new product or service.Construct a market research plan that shows five (5) steps that might be taken to determine the viability of the offering and methods for bringing it to market.Be sure to describe the business and the products or services being marketed.The steps should be discussed in a sequential manner illustrating how the plan progresses from one step to the next.(25 points)(A 1½-page response is required.)

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