wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The set of all actual and potential buyers of a product is known as_______.

A
Customer group
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Industry
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Market
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D Market
Market is defined as a regular gathering of people for purchase and sales of livestock, provisions, and other commodities. The market for an organisation would be defined as a place where he can find the target audience and potential buyers for the product the company would offer to satisfy the needs of those potential buyers.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Product and Pricing
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon