| 1. |
|
|
A ________ for a product
is the people or
organizations who buy it or
may buy it, or an area where
it is sold. |
| 2. |
|
|
A ________ is one where
things are bought and sold
freely and are not under
government control. |
| 3. |
|
|
In a market economy, prices are decided by
________, the factors that influence the demand for things,
their availability and their price. |
| 4. |
|
|
________ means the same
as market. |
| 5. |
|
|
A ________ is one that
has been set and decided by
the market, not in some
other, for example, by the
government. |
| 6. |
|
|
The gathering of information about markets, products and
consumer; on what people want need and buy; and why they buy one
product versus another is called ________. |
| 7. |
|
|
Companies that are quick
to respond to the needs of a
market are often called
market-led, market-oriented
or ________. |
| 8. |
|
|
The art and science of
determining consumer
preferences, prices and how
to best design, build and
sell products is called
________. |
|
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Marketing English Quiz: