definitions

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definition of gap in the market
an unmet customer need or a group of potnetial customers who are not yet purchasintg a good or service
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definition of market observation
looking at the market and seeing what you need to do to stay in front of the trend
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definition of market map
the market map is a way in which a company can identify business opportunities that are not currently being persued
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definition of franchise
the legal right to use the name and logo of an existing firm and sell the same products
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definition of franchisee
the firm that buys the franchise rights from the existing business
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definition of franchisor
the existing firm that sells the franchise rights to another business
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Other cards in this set

Card 2

Front

definition of market observation

Back

looking at the market and seeing what you need to do to stay in front of the trend

Card 3

Front

definition of market map

Back

Preview of the front of card 3

Card 4

Front

definition of franchise

Back

Preview of the front of card 4

Card 5

Front

definition of franchisee

Back

Preview of the front of card 5
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