keyterms unit 10 marketing

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8 Terms

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market

the set of all actual and potential buyers of a good or service; the place where people buy and sell; the people who trade in a particular good; to make goods available to buyers and to encourage them to buy them

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market leader

the company with the largest market share

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market nicher

a small company that concentrates on one or more particular niches or small market segments

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market research (GB) or marketing research (US)

the collection, analysis and reporting of data relevant to a specific marketing situation (e.g. a proposed new product)

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market segment

part of a market; a group of customers with specific needs, defined in terms of geography, age, sex, income, occupation, life-style, etc

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market segmentation

the act of dividing a market into distinct groups of buyers who have different requirements or buying habits

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market share

the sales of a company (or brand or product) expressed as a percentage of total sales in marketing - the process of identifying and satisfying consumers' needs and desires

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marketing channel

the set of intermediaries (trung gian) a company uses to get its goods to their end users