Identifying a business opportunity

Identifying a business opportunity

HideShow resource information

What makes a market?

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

1 of 3

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.

2 of 3

Markets

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

Mass- when a firm  aims a product at majority

3 of 3

Comments

Gabby Tracey

Report

needs more info :)

shahrukh68

Report

try harder.

Similar Economics & Business Studies resources:

See all Economics & Business Studies resources »See all The company, revenue and costs resources »