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"Market is the set of all actual and ______ buyers of a product". - Commercial Studies

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Question

"Market is the set of all actual and ______ buyers of a product".

Options

  • Original

  • Potential

  • Regular

  • Competitor

MCQ
Fill in the Blanks

Solution

"Market is the set of all actual and Potential buyers of a product".

Explanation:

The term "potential buyers" refers to individuals or entities who may not currently be purchasing the product but have the interest or ability to do so in the future. Together with actual buyers, they comprise the total market for a product.

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Chapter 2: Marketing and Sales - EXERCISES [Page 23]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 2 Marketing and Sales
EXERCISES | Q 14. | Page 23
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