Define Market Segmentation in Entrepreneurship Flashcards

55 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
Detailed description of a market;s characteristics
Profile Customer
Refers to any social, economic, or political factor that could impact a business
Business Enviroment
A group of consumers or businesses in a particular market with at least one thing in common
Market Segment
New research information collected for a particular purpose
Primary Data
Objective social and economic facts about people
Deomographics
Maximum number of companies an industry can support based on its potential ccustomer base
Carrying Capacity
Small number of people brought together to give feedback on a product or service
Focus Group
Type of company that sells names and addresses for mailings
List Rental
Basing market segments on where consumers live or where businesses are located
Geographics
What each "B" in B2B stands for
Business
Psychological characteristics of consumers, such as opinions and personality
Psychoographics
Limited number of customers who are most likely to buy a product or service
Target Market
What the "C" in B2C stands for
Consumer
Market research helps you determine very specific ___________ about potential customers
Information
Carrying capacity refers to the ____________ number of companies that an industry can support based on its potential __________ base.
Maximum
Customer