Chapter 10 Market Changes

all customers and consumers who are interested in buying a product and have the financial resources (or money) to do so

• market

• target market

• consumer market

• industrial market

the combination of internal and external factors that influence the operations of a business

• environmentally friendly

• sustainability

• atmosphere of the room

• business environment

no trade barriers exist that might prevent trade between different countries

• customer loyalty

• customer relationships

• mutual trade benefits

• free trade

an individual or business that buys goods and service for a business

• supplier

• purchaser

• customer

• consumer

markets for goods and services bought by other businesses to use is in their production process

• consumer market

• target market

• industrial market

• mass market

markets for goods and services bought by the final consumers

• target market

• consumer market

• industrial market

• business environment

Individual or organization identified by a business as the customers of its products or services

• industrial market

• consumer market

• target market

• niche market

final user of a product

• consumer

• customer

• producer

• polluter