The Market

Descrição

A2 Business Studies (Marketing) Mapa Mental sobre The Market, criado por Christopher Cornall em 08-03-2017.
Christopher Cornall
Mapa Mental por Christopher Cornall, atualizado more than 1 year ago
Christopher Cornall
Criado por Christopher Cornall mais de 7 anos atrás
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Resumo de Recurso

The Market
  1. What is a market?
    1. Where buyers and sellers interact (directly or through intermediaries) to trade goods, services, contracts or instruments in exchange for money or barter
      1. An actual or nominal place where forces of demand and supply operate
    2. Markets include mechanisms or means for:
      1. Determining price of the traded item
        1. Communicating the price information
          1. facilitating deals and transactions, and effecting distribution
          2. The market for a particular item is made up of existing and potential customers who need it and have the ability and willingness to pay for it.
            1. With the market, depending on what type of market it is you can charge a premium price
              1. You can get Niche and Mass markets, although niche markets are what allow you to charge your own premium prices for products as there is less market share

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