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19 questions
A _________ is a small, usually specialised, segment of a much larger market.
Niche market
Mass market
Market share
Market segment
A person who buys goods or services for personal use.
Consumer
Customer
Business
Market
_____________ is identifying customer wants and satisfying them profitably.
Market share
Niche market
Marketing
Mass market
A ___________ is a person, business or other organisation which buys goods or services from a business.
consumer
customer
business
market
____________ is when existing customers continually buy products from the same business.
Customer loyalty
Customer relationships
Consumer
Market share
_____________ is communicating with customers to encourage them to become loyal to the business and its products.
Customer loyalty
Customer relationships
Consumer
Market share
_____________ is the percentage of total market sales held by one brand or business.
Niche market
Market share
Mass market
Marketing
_________ is when the financial return is worth the expenditure.
Cost effective
Customer loyalty
Customer relationships
Customer
___________ is when existing customers continually buy products from the same business.
Customer loyalty
Customer relationship
Consumer
Customer
______________ is communicating with customers to encourage them to become loyal to the business and its products.
Customer relationships
Customer loyalty
Mass marketing
Niche marketing
A _________ buys goods or services for personal use – not to re-sell.
consumer
customer
market
competitor
A ___________ is a person, business or other organisation which buys goods or services from a business.
customer
consumer
market
business
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 share
niche market
mass market
market
_____________ is where there is a very large number of sales of a product.
Niche market
Mass marketing
Market segment
Market
A ____________ is a small, usually specialized, segment of a much larger market.
mass marketing
niche market
market
market segment
____________ is an identifiable sub-group of a whole market in which consumers have similar characteristics or preferences.
Market segment
Niche market
Mass market
Market
________________ is dividing consumers in the market by geographic area.
Geographic segmentation
Demographic segmentation
Psychographic segmentation
Benefit Segmentation
_______________ is dividing consumers in the market by factors such as age, gender, income, ethnic background and social class.
Geographic segmentation
Demographic segmentation
Psychographic segmentation
Benefit Segmentation
_______________ is dividing consumers in the market by lifestyle, personalities and attitudes.
Psychographic segmentation
Benefit Segmentation
Demographic segmentation
Benefit Segmentation
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