Explain how a consumer market is determined and give two examples of consumer markets of different size
What will be an ideal response?
A consumer market is composed of the individuals and households who are potential or actual buyers and end users of a product or service. A consumer market is not a fixed entity?it exists in relation to the product or service being marketed. An example of a large consumer market is the market for tennis shoes. An example of a small consumer market is the market for SCUBA gear. (Examples will vary.)
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The ________ is the value that occurs most frequently
A) mean B) median C) mode D) range
You should have an authoritative tone when corresponding with multiple audiences
Indicate whether this statement is true or false.
Generally, a mutual mistake does not allow either party to rescind the contract
Indicate whether the statement is true or false
A website designed around a community of members who self-identify with a demographic or geographic category is classified as a(n):
A. interest-based social network. B. affinity community. C. practice network. D. sponsored community.