Unit 1.1-meeting customer needs

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4 Terms

1

Mass market

-Aimed a large group of buyers

-wide appeal and is useful to a variety of people

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2

Niche market

Targeted to a specific group of buyers

Specialized to meet particular requirements

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3

Complementary goods

Goods that are purchased together because they are consumed together

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4

Inferior goods

Goods for which demand will fall if income rises or rises if income falls

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