THE TEST MARKET THE TEST MARKET

TEST MARKETING

The definition of a “test market” within the field of business and marketing is a geographic region or demographic group that is used to gauge the viability of a product or service prior to its launch into core markets.

The criteria used to judge the acceptability of a test market region are:

Test Markets can be used to to test specific elements of a new (or existing) product’s marketing mix:

Source: Wikipedia