GCSE Business - Topic on Marketing
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Sheikh-Tahir Ali
Joined: 27/01/2018 - 16:02
Posts: 1
GCSE Business - Topic on Marketing

What is a market?

Both consumer and industrial markets have non-durable (consumable) goods and durable goods

Businesses sell to customers in markets. A market is any place where buyers and sellers meet to trade products - it could be a high street shop or a website. Any business in a marketplace is likely to be in competition with other firms offering similar products. Successful products are the ones which meet customer needs better than rival offerings.

Markets are dynamic. This means that they are always changing. A business must be aware of market trends and evolving customer requirements caused by new fashions or changing economic conditions.

Joined: 31/08/2018 - 15:23
Posts: 17
market research

hai,i a student A level at inti college nilai,negeri sembilan sarawak.I still about this chapter.can you guide me