What is a market Flashcards
1
Q
What is a market
A
A market also referred to as niches or industries, represents a collective of individuals with shared characteristics and desires.
2
Q
What is the size of a market
A
Markets can be broad or specific, ranging from general desires to niche needs, such as dietary weight loss preferences.
3
Q
What do businesses research about markets
A
A successful business identifies these shared desires or problems and offers solutions; ultimately, the market dictates success based on its wants and needs.
