business definitions 0.0 / 5 ? Business Studiesall definitionsGCSEAQA Created by: laraworkCreated on: 15-10-16 19:10 a diagram that shows the range of possible positions for 2 features of a product such as low to high quality and price market map 1 of 7 part of a market that contains a group of buyers with similar buying habits such as age and income market segment 2 of 7 a business that is in competition with you competitor 3 of 7 a group of similar products made by a business like a number of different soap powders product range 4 of 7 a large business that sells the right to produce goods and and services to small businesses franchise 5 of 7 the person or a company that is granted a licence to do business under the franchisors trade name by the franchisor franchisee 6 of 7 the company owning / controlling the rights to grant franchises to potential franchisees franchisor 7 of 7
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