The set of all actual and potential buyers of a product is known as
In marketing terminology (as defined by Philip Kotler), while economists use the term 'market' to refer to a collection of buyers and sellers transacting a product class,…
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The set of all actual and potential buyers of a product is known as
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Correct answer C
In marketing terminology (as defined by Philip Kotler), while economists use the term 'market' to refer to a collection of buyers and sellers transacting a product class, marketers view the sellers as constituting the 'industry' and define the 'Market' specifically as 'the set of all actual and potential buyers of a product or service'.
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UGC NET Commerce