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What is market in business studies

Definition: A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.

What is the definition of a market?

market, a means by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another, either directly or through mediating agents or institutions.

What are the 4 types of market in business studies?

The four popular types of market structures include perfect competition, oligopoly market, monopoly market, and monopolistic competition.

What is market in business studies for JSS 2?

A market is a place where buying and selling of goods and services are done by the buyers and sellers. A market can also be defined as an institutional arrangement whereby the buyers and sellers come in contact to exchange goods and services.

What is a market in answer?

Answer: A market is described as the total sum of all the purchasers and sellers in the area or region being considered. The area may be the earth, country, region, state, or city. The worth, expense and cost of traded items are according to the supply ɪmp; demand forces of a market.

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Marketing activities are the activities carried on by the marketers to facilitate exchange of goods and services between the producers and the consumers

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BUSINESS STUDIES 278 Understanding Market In the traditional sense the term 'market' refers to the place where buyers and sellers

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Taking a management perspective the term marketing has been defined as “the process of planning and executing the conception pricing promotion and 


Marketing includes selling and other activities like various promotional measures marketing research after sales service etc It starts with research on 

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Market refers to a place where transactions take place between buyers and sellers with respect to exchange of goods and services

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Some large businesses have their own marketing departments whilst others employ outside agencies to do the research for them The two main methods of market 

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Provide funds for market research hiring staff and capital • Marketing relies on finance to provide adequate funds to implement strategies outlined in the 

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Functions of Marketing Department • Market Research ➔ carry out market research to find out what customers want • Product ➔ identify and source


Businesses operating in this market focus their efforts on manufacturing distribution and marketing The goods and services within this market include consumer 

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