
ENT 10-2 Summative
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
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5 questions
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1.
FLASHCARD QUESTION
Front
The universe of your buyers, also calculated as the total number of sales or customers your business can sell to during a year’s time, is called the:
Back
Total Available Market
2.
FLASHCARD QUESTION
Front
The size of the market that you can reach with your current product mix and your current distribution channels is called the:
Back
Serviceable Available Market
3.
FLASHCARD QUESTION
Front
A specific group of customers that is most likely to buy a certain product or service, and where marketing efforts are aimed in order to reach and connect with this group, is called the:
Back
Target Market
4.
FLASHCARD QUESTION
Front
A summary of common characteristics of your target customer, including demographic and economic information, is called a:
Back
customer profile
5.
FLASHCARD QUESTION
Front
The most desirable markets are those that not only have size, and that can be accurately measured, but are also _______________.
Back
accessible
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