BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

INTERNATIONAL MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The best example of a market that exemplifies a group of consumers with similar values and tastes regardless of country of birth is the ____
A
world senior market
B
world female market
C
world teen market
D
world parent market
E
world domestic market
Explanation: 

Detailed explanation-1: -A market is any place where makers, distributors or retailers sell, and consumers buy. Examples include shops, high streets, or websites. The term may also refer to the whole group of buyers for a good or service. Businesses that operate in markets are usually in competition with other companies.

Detailed explanation-2: -Example: cotton market, iron market, share market. Based on geographical locations, like a local market or international market. By the types of buyers involved, example: consumer market, industrial market etc. The quantity of goods transacted between parties like a wholesale market or a retail market.

Detailed explanation-3: -Services market example A company in a services market advertises and sells services to businesses and consumers, which means there are many examples to consider. One example of a business-to-business company in a services market might be companies that install cable or internet services in office spaces.

Detailed explanation-4: -Definition of global market. The activity of buying or selling goods and services in all the countries of the world, or the value of the goods and services sold.

There is 1 question to complete.