business 0.0 / 5 ? Design & TechnologyhfjlskIGCSEWJEC Created by: anisamulajCreated on: 17-10-16 12:46 Any place that buyers and sellers will come together to exchange goods or services. There will normally be an exchange of money at a set price. Market 1 of 10 A type of marketing that aims their product at the whole market Mass Marketing 2 of 10 A type of market that is a very small segment in a much larger market. Niche Marketing. 3 of 10 The proportion of total market sales that a firm has. (Calculated as sales of one firm/Total market sales x 100) Market share 4 of 10 The total value of sales in the market. (Calculated as: number of units sold x price) Market Size 5 of 10 A product produced by one business using a specific name. Brand 6 of 10 Markets are always changing Dynamic markets 7 of 10 The process of buying and selling goods and services over the internet. Online retailing. 8 of 10 The percentage increase in the size of the market (Calculated as: change in size of market/original size x 100) Market growth 9 of 10 When a new idea or invention is launched onto the market normally with a view to financial gains Innovation. 10 of 10
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