A market is
A) a geographical area where products are sold.
B) a group of people who have similar needs for a product or service.
C) a group of people with similar characteristics.
D) a group of consumers who are brand loyal.
E) an organization of companies who buy cooperatively.

Question

Quizplus · Accepted Answer

A market is defined as a group of people who have similar needs for a product or service, as they represent potential buyers or consumers for that product or service.

A Market Is