market is set of potential and actual buyer explain is with example
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Explanation:
For e.g. Toyota have launched Lexus to target high class customer while they have their products for the lower segment as well. A market is the set of actual and potential buyers of a product. ... Marketers, however, see the sellers as constituting as industry and the buyers as constituting market.
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Rising and falling interest rates will affect the demand for products that are typically financed, like cars and houses.
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