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  2. 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/
    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.
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    What is a market in marketing?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. The market definition begins with the total population and progressively narrows as shown in the following diagram.
    What does marketing mean?Remember, marketing is about understanding your audience, tailoring your message, and creating meaningful connections. It pertains to all aspects of a business, including product development, distributionRemember, marketing is about understanding your audience, tailoring your message, and creating meaningful connections. It pertains to all aspects of a business, including product development, distribution
    Includes AI generated content
    How do you describe a market?Commonly, the geographic region in which the market is located can also be used a descriptive characteristic for the market. Another method of describing a market is by the need that we meet or intend to meet. This method may be beneficial when you sell the same product to diverse groups of people, each with a different need or use for the product.
    What is the new definition of marketing?The newer definition highlights the increased prominence of other stakeholders in the new conception of marketing. Recent definitions of marketing place more emphasis on the consumer relationship, as opposed to a pure exchange process. For instance, prolific marketing author and educator, Philip Kotler has evolved his definition of marketing.
    en.wikipedia.org
     
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