Question

True or False

1. Penetrated Market is a set of customers or clients who are already
using a particular product or service.
2. Available market refers to a group of potential customers to whom a
company wants to sell its products and services.
3. Target market users are people who have not yet purchased your
product but are considering it.
4. Need is a motivating force that compeis action for its satisfaction.
5. Existing customers are people who have already purchased your
product
6. To know the demographic information that people have in common is
a way of reaching a potential market.
7. To determine the potential market is not helpful for business future
growth
8. Asking what related products will customers need in the future is
Eelpful in identifying potential markets.
9. Customer is a person or organization that uses a commodity or
service.​

Answer 1

Answer:

sorry don't know too much sorry

Answer 2

True or False

1. Penetrated Market is a set of customers or clients who are already  using a particular product or service. (True)

• The users are always having a piece of knowledge about the product and most of them are users. (example - iphone)

2. Available market refers to a group of potential customers to whom a

company wants to sell its products and services. (True)

• Available include the information of the buyers.

3. Target market users are people who have not yet purchased your  product but are considering it. (False)

• It is a subsidiary of the total market, they are available to use the resources.

4. Need is a motivating force that compels action for its satisfaction. (True)

• Need is an urge of doing something, it is an internal force.

5. Existing customers are people who have already purchased your  product  (True)

• The people are aware of the product and have knowledge about it.

6. To know the demographic information that people have in common is  a way of reaching a potential market. (False)

• To conduct a survey, getting information on a particular market will not work.

7. To determine the potential market is not helpful for business future

growth. (False)

• Analyzing helps to prevent uncertainty in the future.

8. Asking what related products will customers need in the future is  helpful in identifying potential markets.  (True)

• A survey helps to identify the demand for the product.

9. Customer is a person or organization that uses a commodity or

service. (True)

• Without consumers, the company cannot meet its goals.