For marketers, the term market refers to which of the following?
A: a set of touch points such as store layouts and package designs
B: a physical place where buyers and sellers gather
C: a collection of buyers and sellers who transact over a particular product
D: consumers and not businesses
E: customer groups
A: a set of touch points such as store layouts and package designs
B: a physical place where buyers and sellers gather
C: a collection of buyers and sellers who transact over a particular product
D: consumers and not businesses
E: customer groups
举一反三
- A market is a place where buyers and sellers gather to__________ their goods and services.
- The international market price of goods is determined by the competition between buyers and sellers, namely, the law of supply and demand. It includes（ ） A: Competitive selling between sellers B: Competitive buying between buyers C: Competition between buyers and sellers D: Competitive buying between sellers E: Competitive selling between buyers
- Which of the following is a characteristic of perfect competition? A: . A single seller. B: . A small number of buyers. C: . Buyers and sellers are price setters. D: . Buyers and sellers are price takers.
- Which of the following statements is most accurate in regard to the tax division between buyers and sellers of products with perfectly elastic demand A: Sellers pay the entire tax. B: Buyers bear the entire tax burden. C: Buyers and sellers share the tax burden.
- The equilibrium price is a point at which buyers’ demand for a product and sellers’ supply of it are in balance.