A ______________ market is a market with broadly similar needs and sellers offering various-and often diverse-ways of satisfying those needs.
A) planned
B) target
C) central
D) generic
E) relevant

Question

Quizplus · Accepted Answer

The definition provided fits the description of a generic market. A planned market is one in which the government controls prices and production. A target market is a specific group of consumers a company focuses its marketing efforts on. A central market is a physical location where buyers and sellers meet to exchange goods or services. A relevant market is a term used in antitrust law to define the scope of competition of a company.

A ______________ Market Is a Market with Broadly Similar Needs