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:

ENT 10-2 Summative

Flashcard
•
Business
•
12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
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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