Set: The Marketing Concept 1
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All 5 Terms
| | Term | Definition |
|---|---|---|
| |
Market | A meeting place for buyers and sellers |
| |
Marketing | The process of finding out what customers want and satisfying their requirements profitably |
| |
Why is Marketing Important? | Ensures that organisations produce what people want. |
| |
Market Growth | Achieved by obtaining a large market share |
| |
Market Share | Firm's percentage of all sales in the market |
Set Information
| Terms | 5 |
| Creator | VMartin66 |
| Created | May 9, 2008 |
| Groups | None |
| Tags | None |
| Access | Anyone |
| Edit | Creator Only |
Description
First part of the marketing course in Intermediate 2 Business Management
Most Missed Words
- Market Share → Firm's percentage of all sales in the market - 1 miss