G10 T1 Types of Consumer Markets & Competition

• Business Studies
• Secondary Education

Tuesday, 17th of September 2024

Consumer Markets and Competition

What are the two types of segmentation?

1. demarcation and geologic
2. democratic and geomatic
3. demographic and geographic

Samsung researches the income of people who can afford their new phones. What segmentation is this an example of?

1. demographic
2. geographic
3. competition
4. production

A company is researching a special jacket for children in Russia to use in winter. What segmentation is this an example of?

1. demographic
2. competition
3. geographic
4. production

Activity

Write two examples of niche products and mass products.

What is today's main topic?

1. Business Profits
2. Competition
3. Gender Segmentation
4. -

Dh 950

Do they have the same target market? 

Are the product prices similar? 

Competition is when businesses sell ______ goods or services to the _____ ________ market.

1. similar, some, target
2. same, similar, consumer
3. similar, same, target
4. -

Are the companies KFC and Cheesecake Factory in competition? Why/why not?

1. yes
2. no

Why are some businesses in competition?

1. To get more customers to sell less products.
2. To get more customers and decrease market share.
3. To make more profit by selling more products and increase market share.
4. -

Competition means better quality of goods and fair prices.Who benefits from this?

1. businesses
2. customers

Competition can increase market share and profits. Who benefits from this?

1. businesses
2. customers

Competition means there are more choices of products in the market Who benefits from this?

1. businesses
2. customers