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Chapter 34
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  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.






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Markets are __________- they are changing all the time
dynamic
Once a business has attracted a customer, it is important to retain their ________so that they continue to make purchases in the future
loyalty
_________ is a smaller market, usually within a large market or industry.
Niche Market
_________ are very large markets in which products with mass appeal are marketed
Mass markets
_______ is a proportion of sales in a total market that a business or product enjoys.
Market Share
_________ where a business focuses on the needs of consumers when developing products
Market oriented
___________where a business focuses on the design and manufacture of the product itself rather than the needs of customers.
Product oriented
__________ is the first step in satisfying customer needs.
Market Research
___________ is identifying customer needs and satisfying them profitably.
Marketing