a base of consumers with demand for a particular product or service;
where buyers and sellers engage in the exchange process
Topic 1.4
Quiz
•
Financial Education
•
9th - 12th Grade
•
Medium
Amanda Danielle Gaffud
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a base of consumers with demand for a particular product or service;
where buyers and sellers engage in the exchange process
market
need
want
pricing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
what are the characteristics of a market
consumer base
consumer buying
business participation
all of the above
3.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
select the key considerations for evaluating a target market
market size and growth potential
accessibility
competition
profit potential
consumer behavior
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
specialized or unique segment of a broader market where the consumer base has unique interests, preferences, or needs.
niche market
niche product
niche sports
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a specialized product designed to meet the needs of a specific segment of a much broader market
niche market
niche product
niche sports
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
sports that are not considered to be "mainstream"
niche market
niche product
niche sports
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
select the niche sport
basketball
soccer
baseball
underwater hockey
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