A description of the types of goods and services offered and the geographic area of a market is called
A)the large market concept.
B)competition.
C)a contestable market boundary.
D)territorial market boundary.
E)market definition.

Question

Quizplus · Accepted Answer

Market definition refers to the process of defining the types of goods and services offered as well as the geographic area of a market. It is an important step in market analysis, as it helps businesses understand their target audience and competition within their industry.

A Description of the Types of Goods and Services Offered