A(n)_____ Is the Business Term for the Population of Customers

question 79

Multiple Choice

A(n) _____ is the business term for the population of customers for a business owner's products or services.

• A) market
• B) industry
• C) strategy
• D) SIC

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Definitions:

Monetary Payment

The process of transferring money, or its equivalent, from one party to another as compensation for goods or services provided.

Favorite Beverage

A preferred drink chosen by an individual out of personal liking.

Marketing Strategies

Comprehensive plans formulated to reach marketing goals, such as increasing brand awareness or market share, through a coordinated set of actions involving product, price, place, and promotion.

Four Ps

The Four Ps refer to Product, Price, Place, and Promotion, a marketing mix model that companies use to consider and adjust their marketing strategy and approach to market effectively.