Identifying a business opportunity

Identifying a business opportunity

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What makes a market?

A market is a system that allows buyers and sellers to agree prices and to trade.

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What should firms supply?

Price- the amount paid by the buyer in a transaction to the seller. Higher price a lower quantity is bough!

Market supply- the quantity that all producers of a prodcut want to sell at a particular price.

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Market niche- products not essential, inital production and marketing are more risky.

Mass- when a firm  aims a product at majority

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Gabby Tracey

needs more info :)


try harder.

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