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- A market in marketing is a group of consumers or organizations that is interested in purchasing a product or service, has the resources to buy it, and is allowed to by law and other regulations to acquire it12. A market can be physical or virtual, and it involves some form of exchange between the buyers and sellers34. A market is based on the needs and wants of the consumers and how they can be satisfied by the product or service3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In marketing, the term market refers to the group of consumers or organizations that is interested in the product, has the resources to purchase the product, and is permitted by law and other regulations to acquire the product.www.netmba.com/marketing/market/definition/NetMBA says that the term market (in marketing) refers to a group of consumers or organizations that is interested in purchasing a product or service, has the resources to buy it, and is allowed to by law and other regulations to acquire it.marketbusinessnews.com/financial-glossary/market/A market is just a group of consumers who seek to satisfy similar needs through some form of exchange. First, the participants in the market must have something to exchange. That is, both parties have to have something of value so the consumer in order to be part of a viable market.thebusinessprofessor.com/principles-of-marketing/…
A market can be defined as a place where buyers and sellers meet to exchange goods, services and other relevant information is called a market. Both these parties can meet in a city, state, province, country and region. The market may be a physical or virtual. The one party (seller) sells a product or service to a buyer for money benefits.
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- Market size refers to the total number of people in a specific market who has the potential to buy and sell products and services. Whenever companies launch a new product they are very interested to know the market size. For any market, two factors are very important 1. Total number of buyers and sellers 2. Total money in the market on the annual b...
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