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1.1.1 The Market
Description
Mind Map on 1.1.1 The Market, created by Jonathan Pickard on 16/10/2018.
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a level edexcel business
1.1.1 the market
a2
Mind Map by
Jonathan Pickard
, updated more than 1 year ago
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Created by
Jonathan Pickard
almost 6 years ago
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Resource summary
1.1.1 The Market
A market is any medium in which buyers and sellers interact and agree to trade at a price.
Mass Markets
A mass market is a very large market where most people will tend to buy the same or similar products.
Niche Markets
Niche markets can develop where a business identifies a small market with specific needs for specialised products or services.
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