Unleash Your Market Knowledge
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which term is used to describe the groups of individuals or organizations that make up the pool of actual and potential customers for their goods and services?

  • Total addressable market
  • Market (correct)
  • Potential market
  • Market potential

    • What is the part of the total population that has shown some level of interest in buying a particular product or service called?

  • Potential market (correct)
  • Total addressable market
  • Market
  • Market potential

    • What does market potential refer to?

  • The future growth of a business
  • The part of the market you can capture in the future
  • The total demand for a product in a given business environment (correct)
  • The demographic groups that are not currently customers but could become customers in the future

    • Why are potential markets important for a business's future growth?

    <p>All of the above</p> Signup and view all the answers

    What is another name for potential market?

    <p>Market</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser