An Example of a "Missing" Market Would Be

question 95

Multiple Choice

An example of a "missing" market would be:

• A) the market to buy and sell children for adoption.
• B) the market to buy and sell a kidney.
• C) the market to buy and sell dates for a Friday night.
• D) All of these markets are missing.

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Definitions:

Effective Pricing

The strategy of setting a product's price based on the value perceived by the customer, market demand, and competition, aiming to maximize both profit and customer satisfaction.

Marketer

A person or company involved in the process of promoting, selling, and distributing products or services to potential customers.

Customer-Oriented

An approach by businesses that focuses on creating a positive experience for customers through tailored services and products that meet their needs.

Pricing Strategy

A method or model used by businesses to set the selling price for their products or services, taking into account factors like cost, competition, target market, and overall business objectives.