Juan Owns a Store That Sells Lampshades

question 86

Multiple Choice

Juan owns a store that sells lampshades.The process of receiving money in return for lamp shades is _____.

• A)marketing
• B)place utility
• C)exchange
• D)time utility

---

Definitions:

Market-product Grid

A framework used to analyze and display the relationship between different markets and the products a company offers.

Target Market Segments

Describes specific groups of potential customers separated based on distinct characteristics, needs, or preferences to which a company aims its marketing efforts.

Product Groupings

The categorization of various products into distinct groups based on similarities, such as function or target market.

Market-product Grid

A matrix used to analyze market segments and product offerings, helping businesses identify opportunities for growth and development.