A(n)_____ is the business term for the population of customers for a business owner's products or services.
A) market
B) industry
C) strategy
D) SIC

Question

Quizplus · Accepted Answer

The term for the population of customers for a business owner's products or services is the market. A market refers to the overall demand for a particular product or service and the individuals, businesses, or organizations that make up that demand. The industry refers to the larger category or sector of businesses that produce or provide similar products or services. Strategy refers to the plan of action or approach a business owner takes to achieve their goals. SIC (Standard Industrial Classification) is a system used to classify businesses and industries based on their primary activities.

A(n)_____ Is the Business Term for the Population of Customers