The market for any product is the sum of the demand existing in individual groups or segments of consumers.

Name: The market for any product is the sum of the demand existing in individual groups or segments of consumers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. The market is composed of different segments of consumers with varying demands for a particular product or service. Understanding these segments and their unique demands is crucial for successful marketing strategies.

The Market for Any Product Is the Sum of the Demand