Meet the market
May 25, 2009 – 2:25 pm | by adminTo enter the exciting field of marketing need to know before the response of a basic but fundamental question: What is market?
The market is set to 1) actual and potential buyers who have a particular need and / or desire, money and willingness to meet to do, which constitute the demand, and 2) merchants who offer a product to meet the needs and or desires of buyers through exchange processes, which constitute the offer. Both supply and demand are the main forces that move the market.
Decompose this answer in simple terms, we will say that the market:
1. It is a group composed mainly of two elements: offer (buyers) and demand (sellers). Both represent the two forces that move the market. However, they must meet certain requirements. In the case of demand, should be composed of actual and potential buyers who have a particular need or desire, financial capacity and willingness to meet to buy. In the case of the bid, you must have a product (tangible good, service, place, idea) that meets the needs of buyers.
2. It is a place (physical or virtual) in which exchange processes occur, for example, a product X in exchange for a certain sum of money. ¡Business are business!
Tags: buyers, demand, market, marketing, merchants, money, product
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