Notes (1) Comments target markets for each business. b) Product Differentiation Create a list of three areas you intend to differentiate your company from your competition. Examples include price, target market, quality,etc.

### Notes on Target Markets for Each Business:<br />1. **Business A (e.g., Coffee Shop)**: <br /> - **Target Market**: Young professionals, college students, and remote workers looking for a cozy environment to work or socialize.<br /> - **Demographics**: Ages 18–35, middle-income earners, urban dwellers.<br /> - **Psychographics**: People who value high-quality coffee, unique experiences, and a welcoming atmosphere.<br /><br />2. **Business B (e.g., Fitness Studio)**: <br /> - **Target Market**: Health-conscious individuals, fitness enthusiasts, and beginners looking for guided workouts.<br /> - **Demographics**: Ages 25–50, middle- to upper-income earners, suburban or urban residents.<br /> - **Psychographics**: People who prioritize health, wellness, and community-driven fitness programs.<br /><br />3. **Business C (e.g., Online Clothing Store)**: <br /> - **Target Market**: Fashion-forward individuals seeking trendy yet affordable clothing options.<br /> - **Demographics**: Ages 16–30, budget-conscious shoppers, tech-savvy consumers.<br /> - **Psychographics**: People who follow fashion trends, enjoy online shopping, and value convenience.<br /><br />---<br /><br />### Product Differentiation: <br />Three areas to differentiate your company from competitors:<br /><br />1. **Quality**: <br /> - Offer superior product quality compared to competitors. For example, use premium materials, organic ingredients, or advanced technology in your products/services.<br /><br />2. **Customer Experience**: <br /> - Focus on creating a personalized and memorable customer experience. This could include exceptional customer service, user-friendly platforms, or unique in-store atmospheres.<br /><br />3. **Target Market Focus**: <br /> - Tailor your offerings specifically to your niche audience. For instance, design products that cater to the preferences and needs of your target demographic, ensuring they feel understood and valued.<br /><br />By focusing on these three areas, you can create a competitive edge and build a loyal customer base.