ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A ____ for a particular good or service is made up of the total number of customers and potential customers, as well as sellers, for that particular good or service.
|
|
Market
|
|
|
Market research
|
|
|
Market share
|
|
|
Market-oriented
|
Explanation:
Detailed explanation-1: -A market for a particular good or service is made up of the total number of customers and potential customers as well as sellers for the particular good or service(competitors) .
Detailed explanation-2: -Definition: A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.
Detailed explanation-3: -In economics, a market refers to the collective activity of buyers and sellers for a particular product or service.
There is 1 question to complete.