Wednesday 30 March 2011

Market Reaserch

-Industy is a collection of buiesness with a common line of products or services.
- Carrying compacity is the ability of industry to support and grow.
-Uncertainty is the degree of stabilityor instabilty.
-Complexity is the number and diversity of contacts with whom you must deal with.
-The cicle of birth\ buiessness. Birth.... Growth.... Mutrity..... Decline.
-Market is a group of compainies who have a demand for a project or service and are willing to bye it.
-target market is a specific group of compainies that have a very specific type of recsorce.
-Market segentisaon. is thw process of grouping smaller markets together to make a larger whole.
-Market segments is a subfroup of buyers with simialer charatitics.
-Geographics is the study of the market of where custermors live, inculding region, state, country, and\or area.
-Psychographics is the study of consumers based on social and psylogical charastics. Such as, personal opions, reoligion, sigles, couples....
-Inductrial markets is bueisness to buiesness.
-Target bueisness must be measruable. Big profit. Reachable. Resopnsive.
-Marekt reasearch isthe collection and analisiys of information aimed at understanding the behaior of the customor.

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