The market demand relevant to industry marketing expenditure show infinity, is said to be _____________?
Correct answer: A. market potential
- A. market potential
- B. market demand
- C. product potential
- D. share potential
Explanation
Market potential is the upper limit of market demand when industry marketing expenditure becomes extremely large, so further expenditure produces little additional demand. It represents the market ceiling rather than demand at a particular spending level.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Marketing
Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.
Practise Marketing
1,700 free Marketing MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Marketing questions
A technique which multiplies a base number by adjusting percentages is called ____________?
The substantial growth potential in the industry for all the firms is called ___________?
A company's order-to-payment cycle is the part of ___________?
The websites are established for independent products and customer services review forums are the classic examples of _____________?
The increase in business legislation and special interest groups is classified as __________?
Under a given set of conditions, the art of anticipating and the behaviors of buyers is called ____________?