Mass market is a market for goods produced on a large scale for a group of significant number of end consumers. Mass market is the opposite of the term niche market in that the first focuses on consumers with a wide variety of backgrounds with no identifiable preferences and expectations in a large market segment. Traditionally, businesses reach out to the mass market with advertising messages through a variety of media including radio, TV, newspapers and the Web.
Video Mass market
Overview
The mass market is the group of end consumers of common household products who are perceived as "average". This group encompasses such a wide variety of people, their need for, uses for, and price point for market offerings may vary greatly. The myriad of customers' needs makes it difficult to target each and every customer in the mass market, via mass marketing. Therefore, marketers often subdivide the market into smaller groups, or niches, comprising customers with similar wants, and then target them via niche marketing. Electric and gas utilities, soap, paper towels and gasoline are typical examples of goods for a mass market.
Maps Mass market
See also
- Big-box store
- Mass behavior
- Mass customization
- Mass consumption (aka "consumerism")
- Mass media
- Mass merchandiser
- Mass movement
- Mass production
- The masses
References
Source of the article : Wikipedia
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