Business

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
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A type of marketing that aims their product at the whole market
Mass Marketing
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A type of market that is a very small segment in a much larger market.
Niche Marketing.
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The proportion of total market sales that a firm has. (Calculated as sales of one firm/Total market sales x 100)
Market share
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The total value of sales in the market. (Calculated as: number of units sold x price)
Market Size
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A product produced by one business using a specific name.
Brand
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Markets are always changing
Dynamic markets
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The process of buying and selling goods and services over the internet.
Online retailing.
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The percentage increase in the size of the market (Calculated as: change in size of market/original size x 100)
Market growth
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When a new idea or invention is launched onto the market normally with a view to financial gains
Innovation.
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Other cards in this set

Card 2

Front

A type of marketing that aims their product at the whole market

Back

Mass Marketing

Card 3

Front

A type of market that is a very small segment in a much larger market.

Back

Preview of the front of card 3

Card 4

Front

The proportion of total market sales that a firm has. (Calculated as sales of one firm/Total market sales x 100)

Back

Preview of the front of card 4

Card 5

Front

The total value of sales in the market. (Calculated as: number of units sold x price)

Back

Preview of the front of card 5
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